Rent, population, and median household income are important factors to consider for a 1031 exchange in Davis due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Davis, California is a part of the Davis Submarket submarket area, and contains 3 zip codes: 95617, 95618, and 95616.
Davis Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Davis, CA submarket area was $1,800, which is 36.99% higher than 2014 average rent. This represents a compounded annual growth rate of 6.50%. 2019 vacancy in Davis, CA was 1.40%.
The total population of the city of Davis, CA has grown 5.59% since 2010. As of 2018, the population was 69,289. The median household income of the Davis was $66,162, which is 9.73% higher than the national average.
- submarket area Davis Submarket
- avg rent $1,800
- rent growth 36.99%
- vacancy 1.40%
- median income $66,162
- population (2018) 69,289
- population growth 5.59%
- vs. nat'l avg 9.73%
- zip codes 95616 95617 95618