Rent, population, and median household income are important factors to consider for a 1031 exchange in Daly City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Daly City, California is a part of the North San Mateo Submarket submarket area, and contains 4 zip codes: 94014, 94015, 94017, and 94016.
Daly City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Daly City, CA submarket area was $2,606, which is 23.57% higher than 2014 average rent. This represents a compounded annual growth rate of 4.32%. 2019 vacancy in Daly City, CA was 2.80%.
The total population of the city of Daly City, CA has grown 5.82% since 2010. As of 2018, the population was 107,008. The median household income of the Daly City was $90,335, which is 49.83% higher than the national average.
- submarket area North San Mateo Submarket
- avg rent $2,606
- rent growth 23.57%
- vacancy 2.80%
- median income $90,335
- population (2018) 107,008
- population growth 5.82%
- vs. nat'l avg 49.83%
- zip codes 94014 94015 94016 94017