1031 Exchange Fremont, California

 

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

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