Rent, population, and median household income are important factors to consider for a 1031 exchange in San Rafael due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Rafael, California is a part of the North Marin Submarket submarket area, and contains 5 zip codes: 94901, 94913, 94903, 94912, and 94915.
San Rafael Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Rafael, CA submarket area was $2,401, which is 18.39% higher than 2014 average rent. This represents a compounded annual growth rate of 3.43%. 2019 vacancy in San Rafael, CA was 2.50%.
The total population of the city of San Rafael, CA has grown 1.72% since 2010. As of 2018, the population was 58,704. The median household income of the San Rafael was $87,262, which is 44.73% higher than the national average.
- submarket area North Marin Submarket
- avg rent $2,401
- rent growth 18.39%
- vacancy 2.50%
- median income $87,262
- population (2018) 58,704
- population growth 1.72%
- vs. nat'l avg 44.73%
- zip codes 94901 94903 94912 94913 94915
