Rent, population, and median household income are important factors to consider for a 1031 exchange in Pinole due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pinole, California is a part of the West Contra Costa Submarket submarket area, and contains zip code 94564.
Pinole Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pinole, CA submarket area was $2,228, which is 28.86% higher than 2014 average rent. This represents a compounded annual growth rate of 5.20%. 2019 vacancy in Pinole, CA was 2.70%.
The total population of the city of Pinole, CA has grown 5.05% since 2010. As of 2018, the population was 19,318. The median household income of the Pinole was $90,734, which is 50.49% higher than the national average.
- submarket area West Contra Costa Submarket
- avg rent $2,228
- rent growth 28.86%
- vacancy 2.70%
- median income $90,734
- population (2018) 19,318
- population growth 5.05%
- vs. nat'l avg 50.49%
- zip code 94564