1031 Exchange Concord, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Concord due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Concord, California is a part of the Concord/Martinez Submarket submarket area, and contains 8 zip codes, including: 94527, 94519, 94521, 94524, 94518, and 94522.

Concord Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Concord, 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 Concord, CA was 1.80%.

The total population of the city of Concord, CA has grown 6.24% since 2010. As of 2018, the population was 129,688. The median household income of the Concord was $81,961, which is 35.94% higher than the national average.

  • submarket area Concord / Martinez Submarket
  • avg rent $1,883
  • rent growth 23.31%
  • vacancy 1.80%
  • median income $81,961
  • population (2018) 129,688
  • population growth 6.24%
  • vs. nat'l avg 35.94%
  • zip codes 94518 94519 94520 94521 94522 94524 94527 94529

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