Rent, population, and median household income are important factors to consider for a 1031 exchange in Larkspur due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Larkspur, California is a part of the South Marin Submarket submarket area, and contains zip codes 94939 and 94977.
Larkspur Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Larkspur, CA submarket area was $2,703, which is 16.41% higher than 2014 average rent. This represents a compounded annual growth rate of 3.09%. 2019 vacancy in Larkspur, CA was 4.30%.
The total population of the city of Larkspur, CA has grown 3.37% since 2010. As of 2018, the population was 12,328. The median household income of the Larkspur was $101,754, which is 68.77% higher than the national average.
- submarket area South Marin Submarket
- avg rent $2,703
- rent growth 16.41%
- vacancy 4.30%
- median income $101,754
- population (2018) 12,328
- population growth 3.37%
- vs. nat'l avg 68.77%
- zip codes 94939 94977