Rent, population, and median household income are important factors to consider for a 1031 exchange in Pacifica due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pacifica, California is a part of the North San Mateo Submarket submarket area, and contains zip code 94044.
Pacifica Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pacifica, CA submarket area was $2,606, which is 23.57% higher than 2014 average rent. This represents a compounded annual growth rate of 4.32%. 2019 vacancy in Pacifica, CA was 2.80%.
The total population of the city of Pacifica, CA has grown 4.10% since 2010. As of 2018, the population was 38,759. The median household income of the Pacifica was $115,602, which is 91.73% higher than the national average.
- submarket area North San Mateo Submarket
- avg rent $2,606
- rent growth 23.57%
- vacancy 2.80%
- median income $115,602
- population (2018) 38,759
- population growth 4.10%
- vs. nat'l avg 91.73%
- zip code 94044
