Rent, population, and median household income are important factors to consider for a 1031 exchange in Alameda due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Alameda, California is a part of the North Alameda Submarket submarket area, and contains zip codes 94501 and 94502.
Alameda Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Alameda, CA submarket area was $2,905, which is 33.44% higher than 2014 average rent. This represents a compounded annual growth rate of 5.94%. 2019 vacancy in Alameda, CA was 7.40%.
The total population of the city of Alameda, CA has grown 6.13% since 2010. As of 2018, the population was 78,338. The median household income of the Alameda was $98,150, which is 62.79% higher than the national average.
- submarket area North Alameda Submarket
- avg rent $2,905
- rent growth 33.44%
- vacancy 7.40%
- median income $98,150
- population (2018) 78,338
- population growth 6.13%
- vs. nat'l avg 62.79%
- zip codes 94501 94502