Rent, population, and median household income are important factors to consider for a 1031 exchange in Cupertino due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Cupertino, California is a part of the Cupertino/Saratoga Submarket submarket area, and contains zip codes 95014 and 95015.
Cupertino Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Cupertino, CA submarket area was $3,276, which is 14.31% higher than 2014 average rent. This represents a compounded annual growth rate of 2.71%. 2019 vacancy in Cupertino, CA was 3.30%.
The total population of the city of Cupertino, CA has grown 3.20% since 2010. As of 2018, the population was 60,170. The median household income of the Cupertino was $163,954, which is 171.93% higher than the national average.
- submarket area Cupertino / Saratoga Submarket
- avg rent $3,276
- rent growth 14.31%
- vacancy 3.30%
- median income $163,954
- population (2018) 60,170
- population growth 3.20%
- vs. nat'l avg 171.93%
- zip codes 95014 95015