1031 Exchange San Mateo, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in San Mateo due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

San Mateo, California is a part of the Central San Mateo submarket area, and contains 5 zip codes: 94402, 94401, 94497, 94404, and 94403.

San Mateo Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the San Mateo, CA submarket area was $3,311, which is 28.68% higher than 2014 average rent. This represents a compounded annual growth rate of 5.17%. 2019 vacancy in San Mateo, CA was 4.10%.

The total population of the city of San Mateo, CA has grown 8.04% since 2010. As of 2018, the population was 105,025. The median household income of the San Mateo was $115,167, which is 91.01% higher than the national average.

  • submarket area Central San Mateo
  • avg rent $3,311
  • rent growth 28.68%
  • vacancy 4.10%
  • median income $115,167
  • population (2018) 105,025
  • population growth 8.04%
  • vs. nat'l avg 91.01%
  • zip codes 94401 94402 94403 94404 94497

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