Rent, population, and median household income are important factors to consider for a 1031 exchange in Mill Valley due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mill Valley, California is a part of the South Marin Submarket submarket area, and contains zip codes 94941 and 94942.
Mill Valley Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mill Valley, 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 Mill Valley, CA was 4.30%.
The total population of the city of Mill Valley, CA has grown 2.82% since 2010. As of 2018, the population was 14,295. The median household income of the Mill Valley was $158,839, which is 163.44% higher than the national average.
- submarket area South Marin Submarket
- avg rent $2,703
- rent growth 16.41%
- vacancy 4.30%
- median income $158,839
- population (2018) 14,295
- population growth 2.82%
- vs. nat'l avg 163.44%
- zip codes 94941 94942