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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 −9.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +42.9% YoY, is the number to watch.
The median listing price is down 9.1% YoY while the median home got down 7.6% bigger, so value per square foot is down 9.5%.
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 $445K purchase rents for $1,000/mo: 0.22% of price per month against the 1% rule's 1.00%.
Not shown: 3 BR (sale only, no matching rent), 4 BR (sale only, no matching rent), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
U.S. Census ACS characteristics for ZIP 72632 itself, not its parent county.
Renters hold 23.1% of this ZIP's 2,377 occupied households, on a median household income of $46K.
| Measure | ZIP 72632 | Carroll County | Difference |
|---|---|---|---|
| Median Household Income | $46K | $54K | -$8K |
| Below Poverty Level | 16.8% | 17.2% | -0.4% |
| Median Age | 52.30 | 44.50 | +7.80 |
| Total Population | 5,169 | 28,626 | -- |
| Avg Household Size | 2.12 | 2.50 | -0.38 |
| Owner-Occupied | 76.9% | 77.5% | -0.6% |
| Worked From Home | 11.9% | 11.2% | +0.7% |
| Mean Commute | 23.70 | 21.90 | +1.80 |
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 up 0.4% to 28,626: residents under 18 are down 1.4% and those 65 and over are up 1.0%.
County median household income is $54K, 17.2% of residents are below the poverty level, 11.2% work from home.