1031 Exchange San Luis Obispo, California

 

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: 93408, 93410, 93407, 93401, 93406, and 93403.

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

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