1031 Exchange Milpitas, California

 

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

Surrounding submarket Area

Milpitas, California is a part of the Northeast San Jose Submarket submarket area, and contains zip codes 95035 and 95036.

Milpitas Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Milpitas, CA submarket area was $2,661, which is 18.11% higher than 2014 average rent. This represents a compounded annual growth rate of 3.38%. 2019 vacancy in Milpitas, CA was 5.60%.

The total population of the city of Milpitas, CA has grown 20.42% since 2010. As of 2018, the population was 80,430. The median household income of the Milpitas was $125,161, which is 107.59% higher than the national average.

  • submarket area Northeast San Jose Submarket
  • avg rent $2,661
  • rent growth 18.11%
  • vacancy 5.60%
  • median income $125,161
  • population (2018) 80,430
  • population growth 20.42%
  • vs. nat'l avg 107.59%
  • zip codes 95035 95036

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