1031 Exchange Los Altos, California

 

Surrounding submarket Area

Los Altos, California is a part of the Mountain View/Los Altos Submarket submarket area, and contains 3 zip codes: 94023, 94024, and 94022.

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

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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