Real County's tension is a falling measured home value beside more covered jobs, but this small county offers no proof that workplace gains translate into tenant demand. Zillow reported a $289,139 median home value, down 3.43% year over year. QCEW's 2025 annual average was 840 covered jobs, up 7.97%; it measures county workplaces, not resident employment or a forecast. Cash-flow investors should test demand depth rather than treat the job figure as an offset to price weakness.
No market asking rent is published, so gross yield cannot be computed. HUD's $1,045 two-bedroom FMR is a payment standard, not measured asking rent, and cannot fill that gap. The effective property-tax rate is 1.07%, while median annual tax is $1,207; these establish carrying-cost context, not the tax bill for a specific asset. Verify assessments, insurance and lease comps property by property.
Realtor.com's MLS listing-market data show 72 active listings, 102 median days on market, 9% with reductions and a 12.5% pending-to-active ratio. Listings measure visible asking supply; marketing time and reductions indicate seller concessions, while neither proves buyer demand or closed-sale pricing. Tax-return migration was net positive by 15 households, and incoming movers' average AGI exceeded outgoing movers' by $28,478; this is mover composition, not tenant qualification. The supplied mortgage measure records zero investor purchase mortgages among 17 total, limiting observed investor competition but not all-cash activity.
Inland flood is the dominant hazard, and the modeled annual climate-loss ratio is 0.21% of building value; this is modeled loss, not a parcel-level premium or realized damage. No FHFA annual observation is published, preventing repeat-transaction corroboration or challenge to Zillow's direction. Underwrite parcel flood exposure, insurance terms, tax assessment, verified rents, recent closed sales and financing mix; county aggregates cannot establish asset-level resilience, yield or exit pricing.