1031 Exchange Burlingame, California

 

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

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