Rent, population, and median household income are important factors to consider for a 1031 exchange in Burlingame due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Burlingame, California is a part of the Central San Mateo Submarket submarket area, and contains zip codes 94010 and 94011.
Burlingame Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Burlingame, CA submarket area was $3,311, which is 28.68% higher than 2014 average rent. This represents a compounded annual growth rate of 5.17%. 2019 vacancy in Burlingame, CA was 4.10%.
The total population of the city of Burlingame, CA has grown 5.77% since 2010. As of 2018, the population was 30,467. The median household income of the Burlingame was $122,999, which is 104.00% higher than the national average.
- submarket area Central San Mateo Submarket
- avg rent $3,311
- rent growth 28.68%
- vacancy 4.10%
- median income $122,999
- population (2018) 30,467
- population growth 5.77%
- vs. nat'l avg 104.00%
- zip codes 94010 94011
