1031 Exchange Oakley, California

 

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

Surrounding submarket Area

Oakley, California is a part of the East Contra Costa Submarket submarket area, and contains zip code 94561.

Oakley Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Oakley, CA submarket area was $1,916, which is 40.06% higher than 2014 average rent. This represents a compounded annual growth rate of 6.97%. 2019 vacancy in Oakley, CA was 3.50%.

The total population of the city of Oakley, CA has grown 18.90% since 2010. As of 2018, the population was 42,129. The median household income of the Oakley was $93,824, which is 55.61% higher than the national average.

  • submarket area East Contra Costa Submarket
  • avg rent $1,916
  • rent growth 40.06%
  • vacancy 3.50%
  • median income $93,824
  • population (2018) 42,129
  • population growth 18.90%
  • vs. nat'l avg 55.61%
  • zip code 94561

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