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