Rent, population, and median household income are important factors to consider for a 1031 exchange in Oakland-East Bay due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Oakland-East Bay, California is a part of the San Francisco-Oakland-Berkeley, CA metropolitan area, and contains 26 zip codes, including: 94603, 94606, 94612, 94661, 94614, and 94624.
Oakland-East Bay Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Oakland-East Bay, CA metropolitan area was $2,268, which is 29.23% higher than 2014 average rent. This represents a compounded annual growth rate of 5.26%. 2019 vacancy in Oakland-East Bay, CA was 4.30%.
The total population of the city of Oakland-East Bay, CA has grown 9.82% since 2010. As of 2018, the population was 429,082. The median household income of the Oakland-East Bay was $68,442, which is 13.52% higher than the national average.
- metropolitan area San Francisco-Oakland-Berkeley, CA
- avg rent $2,268
- rent growth 29.23%
- vacancy 4.30%
- median income $68,442
- population (2018) 429,082
- population growth 9.82%
- vs. nat'l avg 13.52%
- zip codes 94601 94602 94603 94604 94605 94606 94607 94609 94610 94611 94612 94613 94614 94615 94617 94618 94619 94621 94622 94623 94624 94649 94659 94660 94661 94666
