Rent, population, and median household income are important factors to consider for a 1031 exchange in San Marcos due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Marcos, California is a part of the Vista Submarket submarket area, and contains 4 zip codes: 92078, 92079, 92069, and 92096.
San Marcos Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Marcos, CA submarket area was $1,684, which is 25.58% higher than 2014 average rent. This represents a compounded annual growth rate of 4.66%. 2019 vacancy in San Marcos, CA was 4.60%.
The total population of the city of San Marcos, CA has grown 15.60% since 2010. As of 2018, the population was 96,847. The median household income of the San Marcos was $76,619, which is 27.08% higher than the national average.
- submarket area Vista Submarket
- avg rent $1,684
- rent growth 25.58%
- vacancy 4.60%
- median income $76,619
- population (2018) 96,847
- population growth 15.60%
- vs. nat'l avg 27.08%
- zip codes 92069 92078 92079 92096