1031 Exchange Pittsburgh, California

 

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

Surrounding submarket Area

Pittsburgh, California is a part of the East Contra Costa Submarket submarket area.

Pittsburgh Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pittsburgh, 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 Pittsburgh, CA was 3.50%.

The total population of the city of Pittsburgh, CA has grown 14.50% since 2010. As of 2018, the population was 72,437. The median household income of the Pittsburgh was $70,770, which is 17.38% higher than the national average.

  • submarket area East Contra Costa Submarket
  • avg rent $1,916
  • rent growth 40.06%
  • vacancy 3.50%
  • median income $70,770
  • population (2018) 72,437
  • population growth 14.50%
  • vs. nat'l avg 17.38%

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