Rent, population, and median household income are important factors to consider for a 1031 exchange in Folsom due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Folsom, California is a part of the Orangevale/Folsom Submarket submarket area, and contains zip codes 95630 and 95763.
Folsom Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Folsom, CA submarket area was $1,563, which is 28.11% higher than 2014 average rent. This represents a compounded annual growth rate of 5.08%. 2019 vacancy in Folsom, CA was 4.00%.
The total population of the city of Folsom, CA has grown 9.44% since 2010. As of 2018, the population was 79,022. The median household income of the Folsom was $109,762, which is 82.05% higher than the national average.
- submarket area Orangevale / Folsom Submarket
- avg rent $1,563
- rent growth 28.11%
- vacancy 4.00%
- median income $109,762
- population (2018) 79,022
- population growth 9.44%
- vs. nat'l avg 82.05%
- zip codes 95630 95763