Rent, population, and median household income are important factors to consider for a 1031 exchange in Atherton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Atherton, California is a part of the South San Mateo Submarket submarket area, and contains zip code 94027.
Atherton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Atherton, CA submarket area was $3,057, which is 30.31% higher than 2014 average rent. This represents a compounded annual growth rate of 5.44%. 2019 vacancy in Atherton, CA was 4.80%.
The total population of the city of Atherton, CA has grown 3.95% since 2010. As of 2018, the population was 7,187. The median household income of the Atherton was $250,000, which is 314.64% higher than the national average.
- submarket area South San Mateo Submarket
- avg rent $3,057
- rent growth 30.31%
- vacancy 4.80%
- median income $250,000
- population (2018) 7,187
- population growth 3.95%
- vs. nat'l avg 314.64%
- zip code 94027