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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −0.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −1.1% YoY, is the number to watch.
The median listing price is down 0.1% YoY while the median home got down 0.1% bigger, so value per square foot is down 0.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $325K purchase rents for $1,700/mo: 0.52% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price).
Sales here take about 34 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Condo (sold here, not rented), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 36117 itself, not its parent county.
Renters hold 36.9% of this ZIP's 22,073 occupied households, on a median household income of $75K.
| Measure | ZIP 36117 | Montgomery County | Difference |
|---|---|---|---|
| Median Household Income | $75K | $59K | +$15K |
| Below Poverty Level | 10.5% | 19.9% | -9.4% |
| Median Age | 37.80 | 37.10 | +0.70 |
| Total Population | 53,172 | 226,718 | -- |
| Avg Household Size | 2.34 | 2.39 | -0.05 |
| Owner-Occupied | 63.1% | 57.8% | +5.3% |
| Worked From Home | 10.2% | 8.0% | +2.2% |
| Mean Commute | 21.30 | 21.60 | -0.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.2% to 226,718: residents under 18 are down 0.1% and those 65 and over are up 2.0%.
County median household income is $59K, 19.9% of residents are below the poverty level, 8.0% work from home.