Rent, population, and median household income are important factors to consider for a 1031 exchange in Fremont due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Fremont, California is a part of the Fremont/Newark/Union City Submarket submarket area, and contains 5 zip codes: 94555, 94538, 94536, 94538, and 94537.
Fremont Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fremont, CA submarket area was $2,296, which is 19.65% higher than 2014 average rent. This represents a compounded annual growth rate of 3.65%. 2019 vacancy in Fremont, CA was 2.50%.
The total population of the city of Fremont, CA has grown 11.08% since 2010. As of 2018, the population was 237,807. The median household income of the Fremont was $127,374, which is 111.26% higher than the national average.
- submarket area Fremont / Newark / Union City Submarket
- avg rent $2,296
- rent growth 19.65%
- vacancy 2.50%
- median income $127,374
- population (2018) 237,807
- population growth 11.08%
- vs. nat'l avg 111.26%
- zip codes 94536 94537 94538 94538 94555