Rent, population, and median household income are important factors to consider for a 1031 exchange in Danville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Danville, California is a part of the San Ramon/Walnut Creek Submarket submarket area, and contains zip codes 94506 and 94526.
Danville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Danville, CA submarket area was $2,590, which is 32.96% higher than 2014 average rent. This represents a compounded annual growth rate of 5.86%. 2019 vacancy in Danville, CA was 3.10%.
The total population of the city of Danville, CA has grown 6.21% since 2010. As of 2018, the population was 44,650. The median household income of the Danville was $152,714, which is 153.29% higher than the national average.
- submarket area San Ramon / Walnut Creek Submarket
- avg rent $2,590
- rent growth 32.96%
- vacancy 3.10%
- median income $152,714
- population (2018) 44,650
- population growth 6.21%
- vs. nat'l avg 153.29%
- zip codes 94506 94526