Rent, population, and median household income are important factors to consider for a 1031 exchange in Clayton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Clayton, California is a part of the Concord/Martinez Submarket submarket area, and contains zip code 94517.
Clayton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Clayton, CA submarket area was $1,883, which is 23.31% higher than 2014 average rent. This represents a compounded annual growth rate of 4.28%. 2019 vacancy in Clayton, CA was 1.80%.
The total population of the city of Clayton, CA has grown 11.88% since 2010. As of 2018, the population was 12,192. The median household income of the Clayton was $152,581, which is 153.07% higher than the national average.
- submarket area Concord / Martinez Submarket
- avg rent $1,883
- rent growth 23.31%
- vacancy 1.80%
- median income $152,581
- population (2018) 12,192
- population growth 11.88%
- vs. nat'l avg 153.07%
- zip code 94517
