Rent, population, and median household income are important factors to consider for a 1031 exchange in Saratoga due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Saratoga, California is a part of the Cupertino/Saratoga Submarket submarket area, and contains zip codes 95070 and 95071.
Saratoga Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Saratoga, CA submarket area was $3,276, which is 14.31% higher than 2014 average rent. This represents a compounded annual growth rate of 2.71%. 2019 vacancy in Saratoga, CA was 3.30%.
The total population of the city of Saratoga, CA has grown 2.25% since 2010. As of 2018, the population was 30,599. The median household income of the Saratoga was $176,641, which is 192.97% higher than the national average.
- submarket area Cupertino / Saratoga Submarket
- avg rent $3,276
- rent growth 14.31%
- vacancy 3.30%
- median income $176,641
- population (2018) 30,599
- population growth 2.25%
- vs. nat'l avg 192.97%
- zip codes 95070 95071