Rent, population, and median household income are important factors to consider for a 1031 exchange in San Luis Obispo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
San Luis Obispo, California is a part of the San Luis Obispo-Paso Robles, CA metropolitan area, and contains 8 zip codes, including: 93409, 93401, 93405, 93407, 93408, and 93410.
San Luis Obispo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Luis Obispo, CA metropolitan area was $1,238, which is 21.25% lower than 2014 average rent. This represents a compounded annual growth rate of 3.93%. 2019 vacancy in San Luis Obispo, CA was 2.60%.
The total population of the city of San Luis Obispo, CA has grown 5.16% since 2010. As of 2018, the population was 47,446. The median household income of the San Luis Obispo was $52,740, which is 12.53% lower than the national average.
- metropolitan area San Luis Obispo-Paso Robles, CA
- avg rent $1,238
- rent growth 21.25%
- vacancy 2.60%
- median income $52,740
- population (2018) 47,446
- population growth 5.16%
- vs. nat'l avg 12.53%
- zip codes 93401 93403 93405 93406 93407 93408 93409 93410