dynamic.RE
dynamic.RELoading market data
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A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already −14.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +58.9% YoY, is the number to watch.
The median listing price is down 14.1% YoY while the median home got down 4.4% bigger, so value per square foot is down 7.1%.
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.
Not shown: Studio (no price per sq ft reported).
At the median, a $380K purchase rents for $1,828/mo: 0.48% of price per month against the 1% rule's 1.00%.
Not shown: 7 BR (sale only, no matching rent).
Sales here take about 5 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented), Multi-Family (sold here, not rented).
County population is up 1.5% to 4,559,748: residents under 18 are down 0.1% and those 65 and over are up 3.4%.
County median household income is $89K, 11.0% of residents are below the poverty level, 20.8% work from home.