Rent, population, and median household income are important factors to consider for a 1031 exchange in Hayward due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hayward, California is a part of the San Leandro/Hayward Submarket submarket area, and contains 7 zip codes, including: 94541, 94557, 94542, 94544, 94545, and 94543.
Hayward Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hayward, CA submarket area was $2,161, which is 39.60% higher than 2014 average rent. This represents a compounded annual growth rate of 6.90%. 2019 vacancy in Hayward, CA was 1.80%.
The total population of the city of Hayward, CA has grown 10.70% since 2010. As of 2018, the population was 159,620. The median household income of the Hayward was $80,093, which is 32.84% higher than the national average.
- submarket area San Leandro / Hayward Submarket
- avg rent $2,161
- rent growth 39.60%
- vacancy 1.80%
- median income $80,093
- population (2018) 159,620
- population growth 10.70%
- vs. nat'l avg 32.84%
- zip codes 94540 94541 94542 94543 94544 94545 94557
