Rent, population, and median household income are important factors to consider for a 1031 exchange in Los Altos due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Los Altos, California is a part of the Mountain View/Los Altos Submarket submarket area, and contains 3 zip codes: 94022, 94024, and 94023.
Los Altos Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Los Altos, CA submarket area was $3,403, which is 30.08% higher than 2014 average rent. This represents a compounded annual growth rate of 5.40%. 2019 vacancy in Los Altos, CA was 4.30%.
The total population of the city of Los Altos, CA has grown 8.04% since 2010. As of 2018, the population was 8,559. The median household income of the Los Altos was $250,000, which is 314.64% higher than the national average.
- submarket area Mountain View / Los Altos Submarket
- avg rent $3,403
- rent growth 30.08%
- vacancy 4.30%
- median income $250,000
- population (2018) 8,559
- population growth 8.04%
- vs. nat'l avg 314.64%
- zip codes 94022 94023 94024
