Rent, population, and median household income are important factors to consider for a 1031 exchange in Rancho Cordova due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Rancho Cordova, California is a part of the Rancho Cordova Submarket submarket area, and contains 3 zip codes: 95741, 95670, and 95742.
Rancho Cordova Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Rancho Cordova, CA submarket area was $1,295, which is 42.15% higher than 2014 average rent. This represents a compounded annual growth rate of 7.29%. 2019 vacancy in Rancho Cordova, CA was 2.30%.
The total population of the city of Rancho Cordova, CA has grown 15.14% since 2010. As of 2018, the population was 74,585. The median household income of the Rancho Cordova was $63,221, which is 4.86% higher than the national average.
- submarket area Rancho Cordova Submarket
- avg rent $1,295
- rent growth 42.15%
- vacancy 2.30%
- median income $63,221
- population (2018) 74,585
- population growth 15.14%
- vs. nat'l avg 4.86%
- zip codes 95670 95741 95742
