Rent, population, and median household income are important factors to consider for a 1031 exchange in San Leandro due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Leandro, California is a part of the San Leandro/Hayward Submarket submarket area, and contains 3 zip codes: 94579, 94577, and 94578.
San Leandro Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Leandro, CA submarket area was $2,161, which is 39.60% higher than 2014 average rent. This represents a compounded annual growth rate of 6.90%. 2019 vacancy in San Leandro, CA was 1.80%.
The total population of the city of San Leandro, CA has grown 5.60% since 2010. As of 2018, the population was 89,703. The median household income of the San Leandro was $70,723, which is 17.30% higher than the national average.
- submarket area San Leandro / Hayward Submarket
- avg rent $2,161
- rent growth 39.60%
- vacancy 1.80%
- median income $70,723
- population (2018) 89,703
- population growth 5.60%
- vs. nat'l avg 17.30%
- zip codes 94577 94578 94579