Rent, population, and median household income are important factors to consider for a 1031 exchange in Atwater due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Atwater, California is a part of the South Glendale/Highland Park Submarket submarket area, and contains zip code 95301.
Atwater Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Atwater, CA submarket area was $1,970, which is 41.02% lower than 2014 average rent. This represents a compounded annual growth rate of 7.12%. 2019 vacancy in Atwater, CA was 4.50%.
The total population of the city of Atwater, CA has grown 4.65% since 2010. As of 2018, the population was 29,479. The median household income of the Atwater was $52,542, which is 12.86% lower than the national average.
- submarket area South Glendale / Highland Park Submarket
- avg rent $1,970
- rent growth 41.02%
- vacancy 4.50%
- median income $52,542
- population (2018) 29,479
- population growth 4.65%
- vs. nat'l avg 12.86%
- zip code 95301