Rent, population, and median household income are important factors to consider for a 1031 exchange in El Cerrito due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
El Cerrito, California is a part of the West Contra Costa Submarket submarket area, and contains zip code 94530.
El Cerrito Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the El Cerrito, CA submarket area was $2,228, which is 28.86% higher than 2014 average rent. This represents a compounded annual growth rate of 5.20%. 2019 vacancy in El Cerrito, CA was 2.70%.
The total population of the city of El Cerrito, CA has grown 8.71% since 2010. As of 2018, the population was 25,601. The median household income of the El Cerrito was $100,422, which is 66.56% higher than the national average.
- submarket area West Contra Costa Submarket
- avg rent $2,228
- rent growth 28.86%
- vacancy 2.70%
- median income $100,422
- population (2018) 25,601
- population growth 8.71%
- vs. nat'l avg 66.56%
- zip code 94530