At $117,876, Zillow’s 2026-06 county median home value is 4.33% above its stated prior-year reading, but Graham’s underwriting tension is a positive value reading against a shrinking covered-job base and net out-migration. This county merits investigation by buyers able to verify asset rents, flood exposure, and buyer depth; investors requiring demonstrated income support or liquid resale evidence should be cautious.
Housing economics cannot be completed: market asking rent is not published, so gross yield cannot be computed. HUD’s $877 two-bedroom Fair Market Rent is a payment standard, not asking rent, and cannot replace it. The effective property-tax rate is 1.83%, and median annual property tax is $1,641; both inform carrying costs beside Zillow’s value but establish neither target-property expenses nor its tax bill. No FHFA annual HPI reading is published, preventing a repeat-transaction check on Zillow’s separately measured direction.
Annual QCEW covered jobs at county workplaces were 786, down 10.27%; this is not resident employment. The average weekly covered-worker wage was $907, and Trade, transportation, and utilities was the largest disclosed private supersector rather than the whole economy. Tax-return households show 48 moved out and 37 moved in, a net loss of 11; incoming movers’ average AGI was $8,257 higher than outgoing movers’. That combination does not prove tenant demand or its absence, but it narrows support for an unverified rent assumption. Recorded investor share was 0%: no investor purchase mortgages among three purchases, so buyer-competition evidence is exceptionally thin.
Inland flood is the dominant hazard, and modeled climate loss equals 0.15% of building value annually; this is a county-level loss model, not an insurance quote or parcel flood determination. No Realtor.com listing-market measures are supplied, so visible supply, marketing time, seller concessions, and asking-price positioning cannot be assessed. Next checks are property-specific market-rent evidence, lease terms, flood maps and insurance pricing, parcel tax records, condition, and recent closed-sale comparables.