1031 Exchange Millbrae, California


Rent, population, and median household income are important factors to consider for a 1031 exchange in Millbrae due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Millbrae, California is a part of the Central San Mateo Submarket submarket area, and contains zip code 94030.

Millbrae Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Millbrae, CA submarket area was $3,311, which is 28.68% higher than 2014 average rent. This represents a compounded annual growth rate of 5.17%. 2019 vacancy in Millbrae, CA was 4.10%.

The total population of the city of Millbrae, CA has grown 4.76% since 2010. As of 2018, the population was 22,557. The median household income of the Millbrae was $120,565, which is 99.97% higher than the national average.

  • submarket area Central San Mateo Submarket
  • avg rent $3,311
  • rent growth 28.68%
  • vacancy 4.10%
  • median income $120,565
  • population (2018) 22,557
  • population growth 4.76%
  • vs. nat'l avg 99.97%
  • zip code 94030

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