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1031 Exchange Hercules, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Hercules due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Hercules, California is a part of the West Contra Costa Submarket submarket area, and contains zip code 94547.

Hercules Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hercules, CA submarket area was $2,228, which is 28.86% higher than 2014 average rent. This represents a compounded annual growth rate of 5.20%. 2019 vacancy in Hercules, CA was 2.70%.

The total population of the city of Hercules, CA has grown 6.40% since 2010. As of 2018, the population was 25,601. The median household income of the Hercules was $110,476, which is 83.23% higher than the national average.

  • submarket area West Contra Costa Submarket
  • avg rent $2,228
  • rent growth 28.86%
  • vacancy 2.70%
  • median income $110,476
  • population (2018) 25,601
  • population growth 6.40%
  • vs. nat'l avg 83.23%
  • zip code 94547

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