Rent, population, and median household income are important factors to consider for a 1031 exchange in Redding due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Redding, California is a part of the Redding, CA metropolitan area, and contains 5 zip codes: 96002, 96003, 96001, 96099, and 96049.
Redding Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Redding, CA metropolitan area was $878, which is 10.86% lower than 2014 average rent. This represents a compounded annual growth rate of 2.08%. 2019 vacancy in Redding, CA was 1.70%.
The total population of the city of Redding, CA has grown 2.13% since 2010. As of 2018, the population was 91,772. The median household income of the Redding was $50,579, which is 16.11% lower than the national average.
- metropolitan area Redding, CA
- avg rent $878
- rent growth 10.86%
- vacancy 1.70%
- median income $50,579
- population (2018) 91,772
- population growth 2.13%
- vs. nat'l avg 16.11%
- zip codes 96001 96002 96003 96049 96099