Rent, population, and median household income are important factors to consider for a 1031 exchange in Pleasant Hill due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pleasant Hill, California is a part of the Concord/Martinez Submarket submarket area, and contains zip code 94523.
Pleasant Hill Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pleasant Hill, CA submarket area was $1,883, which is 23.31% higher than 2014 average rent. This represents a compounded annual growth rate of 4.28%. 2019 vacancy in Pleasant Hill, CA was 1.80%.
The total population of the city of Pleasant Hill, CA has grown 5.28% since 2010. As of 2018, the population was 34,903. The median household income of the Pleasant Hill was $110,137, which is 82.67% higher than the national average.
- submarket area Concord / Martinez Submarket
- avg rent $1,883
- rent growth 23.31%
- vacancy 1.80%
- median income $110,137
- population (2018) 34,903
- population growth 5.28%
- vs. nat'l avg 82.67%
- zip code 94523