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