Rent, population, and median household income are important factors to consider for a 1031 exchange in Livermore due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Livermore, California is a part of the East Alameda Submarket submarket area, and contains zip codes 94550 and 94551.
Livermore Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Livermore, CA submarket area was $2,506, which is 22.66% higher than 2014 average rent. This represents a compounded annual growth rate of 4.17%. 2019 vacancy in Livermore, CA was 5.50%.
The total population of the city of Livermore, CA has grown 11.49% since 2010. As of 2018, the population was 90,269. The median household income of the Livermore was $116,942, which is 93.96% higher than the national average.
- submarket area East Alameda Submarket
- avg rent $2,506
- rent growth 22.66%
- vacancy 5.50%
- median income $116,942
- population (2018) 90,269
- population growth 11.49%
- vs. nat'l avg 93.96%
- zip codes 94550 94551