Rent, population, and median household income are important factors to consider for a 1031 exchange in Foster City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Foster City, California is a part of the Central San Mateo Submarket submarket area.
Foster City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Foster City, CA submarket area was $3,311, which is 28.68% higher than 2014 average rent. This represents a compounded annual growth rate of 5.17%. 2019 vacancy in Foster City, CA was 4.10%.
The total population of the city of Foster City, CA has grown 11.73% since 2010. As of 2018, the population was 34,151. The median household income of the Foster City was $152,446, which is 152.84% higher than the national average.
- submarket area Central San Mateo Submarket
- avg rent $3,311
- rent growth 28.68%
- vacancy 4.10%
- median income $152,446
- population (2018) 34,151
- population growth 11.73%
- vs. nat'l avg 152.84%
