Rent, population, and median household income are important factors to consider for a 1031 exchange in Los Gatos due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Los Gatos, California is a part of the Campbell/Los Gatos Submarket submarket area, and contains 4 zip codes: 95031, 95033, 95032, and 95030.
Los Gatos Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Los Gatos, CA submarket area was $2,576, which is 31.29% higher than 2014 average rent. This represents a compounded annual growth rate of 5.60%. 2019 vacancy in Los Gatos, CA was 3.40%.
The total population of the city of Los Gatos, CA has grown 4.31% since 2010. As of 2018, the population was 30,680. The median household income of the Los Gatos was $140,395, which is 132.85% higher than the national average.
- submarket area Campbell / Los Gatos Submarket
- avg rent $2,576
- rent growth 31.29%
- vacancy 3.40%
- median income $140,395
- population (2018) 30,680
- population growth 4.31%
- vs. nat'l avg 132.85%
- zip codes 95030 95031 95032 95033