Rent, population, and median household income are important factors to consider for a 1031 exchange in San Carlos due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Carlos, California is a part of the South San Mateo Submarket submarket area, and contains zip code 94070.
San Carlos Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Carlos, CA submarket area was $3,057, which is 30.31% higher than 2014 average rent. This represents a compounded annual growth rate of 5.44%. 2019 vacancy in San Carlos, CA was 4.80%.
The total population of the city of San Carlos, CA has grown 6.89% since 2010. As of 2018, the population was 30,364. The median household income of the San Carlos was $169,640, which is 181.36% higher than the national average.
- submarket area South San Mateo Submarket
- avg rent $3,057
- rent growth 30.31%
- vacancy 4.80%
- median income $169,640
- population (2018) 30,364
- population growth 6.89%
- vs. nat'l avg 181.36%
- zip code 94070