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1031 Exchange Redding, California

 

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

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