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%
