Rent, population, and median household income are important factors to consider for a 1031 exchange in Corte Madera due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Corte Madera, California is a part of the South Marin Submarket submarket area, and contains zip codes 94925 and 94976.
Corte Madera Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Corte Madera, CA submarket area was $2,703, which is 16.41% higher than 2014 average rent. This represents a compounded annual growth rate of 3.09%. 2019 vacancy in Corte Madera, CA was 4.30%.
The total population of the city of Corte Madera, CA has grown 5.93% since 2010. As of 2018, the population was 9,802. The median household income of the Corte Madera was $147,587, which is 144.78% higher than the national average.
- submarket area South Marin Submarket
- avg rent $2,703
- rent growth 16.41%
- vacancy 4.30%
- median income $147,587
- population (2018) 9,802
- population growth 5.93%
- vs. nat'l avg 144.78%
- zip codes 94925 94976
