Rent, population, and median household income are important factors to consider for a 1031 exchange in Santa Cruz-Watsonville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Santa Cruz-Watsonville, California is a part of the Santa Cruz-Watsonville, CA metropolitan area, and contains 8 zip codes, including: 95063, 95060, 95064, 95076, 95062, and 95077.
Santa Cruz-Watsonville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Santa Cruz-Watsonville, CA metropolitan area was $2,127, which is 22.38% higher than 2014 average rent. This represents a compounded annual growth rate of 4.12%. 2019 vacancy in Santa Cruz-Watsonville, CA was 2.90%.
The total population of the city of Santa Cruz-Watsonville, CA has grown 7.97% since 2010. As of 2018, the population was 64,725. The median household income of the Santa Cruz-Watsonville was $70,102, which is 16.27% higher than the national average.
- metropolitan area Santa Cruz-Watsonville, CA
- avg rent $2,127
- rent growth 22.38%
- vacancy 2.90%
- median income $70,102
- population (2018) 64,725
- population growth 7.97%
- vs. nat'l avg 16.27%
- zip codes 95060 95061 95062 95063 95064 95065 95076 95077