Rent, population, and median household income are important factors to consider for a 1031 exchange in San Pablo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Pablo, California is a part of the West Contra Costa Submarket submarket area, and contains zip code 94806.
San Pablo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Pablo, CA submarket area was $2,228, which is 28.86% lower than 2014 average rent. This represents a compounded annual growth rate of 5.20%. 2019 vacancy in San Pablo, CA was 2.70%.
The total population of the city of San Pablo, CA has grown 6.81% since 2010. As of 2018, the population was 31,124. The median household income of the San Pablo was $49,226, which is 18.36% lower than the national average.
- submarket area West Contra Costa Submarket
- avg rent $2,228
- rent growth 28.86%
- vacancy 2.70%
- median income $49,226
- population (2018) 31,124
- population growth 6.81%
- vs. nat'l avg 18.36%
- zip code 94806