vi

1031 Exchange Modesto, California

 

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

Surrounding metropolitan Area

Modesto, California is a part of the Modesto, CA metropolitan area, and contains 10 zip codes, including: 95353, 95397, 95358, 95351, 95352, and 95356.

Modesto Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Modesto, CA metropolitan area was $1,141, which is 29.22% lower than 2014 average rent. This represents a compounded annual growth rate of 5.26%. 2019 vacancy in Modesto, CA was 1.40%.

The total population of the city of Modesto, CA has grown 6.89% since 2010. As of 2018, the population was 215,030. The median household income of the Modesto was $57,233, which is 5.08% lower than the national average.

  • metropolitan area Modesto, CA
  • avg rent $1,141
  • rent growth 29.22%
  • vacancy 1.40%
  • median income $57,233
  • population (2018) 215,030
  • population growth 6.89%
  • vs. nat'l avg 5.08%
  • zip codes 95350 95351 95352 95353 95354 95355 95356 95357 95358 95397

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities