Rent, population, and median household income are important factors to consider for a 1031 exchange in San Ramon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Ramon, California is a part of the San Ramon/Walnut Creek Submarket submarket area, and contains zip codes 94582 and 94583.
San Ramon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Ramon, CA submarket area was $2,590, which is 32.96% higher than 2014 average rent. This represents a compounded annual growth rate of 5.86%. 2019 vacancy in San Ramon, CA was 3.10%.
The total population of the city of San Ramon, CA has grown 5.19% since 2010. As of 2018, the population was 75,893. The median household income of the San Ramon was $151,026, which is 150.49% higher than the national average.
- submarket area San Ramon / Walnut Creek Submarket
- avg rent $2,590
- rent growth 32.96%
- vacancy 3.10%
- median income $151,026
- population (2018) 75,893
- population growth 5.19%
- vs. nat'l avg 150.49%
- zip codes 94582 94583