Rent, population, and median household income are important factors to consider for a 1031 exchange in Santa Clara due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Santa Clara, California is a part of the Santa Clara submarket area, and contains 7 zip codes, including: 95054, 95050, 95053, 95056, 95051, and 95055.
Santa Clara Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Santa Clara, CA submarket area was $2,991, which is 31.30% higher than 2014 average rent. This represents a compounded annual growth rate of 5.60%. 2019 vacancy in Santa Clara, CA was 3.80%.
The total population of the city of Santa Clara, CA has grown 11.18% since 2010. As of 2018, the population was 129,488. The median household income of the Santa Clara was $116,257, which is 92.82% higher than the national average.
- submarket area Santa Clara
- avg rent $2,991
- rent growth 31.30%
- vacancy 3.80%
- median income $116,257
- population (2018) 129,488
- population growth 11.18%
- vs. nat'l avg 92.82%
- zip codes 95050 95051 95052 95053 95054 95055 95056