1031 Exchange Sunnyvale, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Sunnyvale due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Sunnyvale, California is a part of the Sunnyvale Submarket submarket area, and contains 5 zip codes: 94085, 94089, 94088, 94087, and 94086.

Sunnyvale Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Sunnyvale, CA submarket area was $2,922, which is 20.54% higher than 2014 average rent. This represents a compounded annual growth rate of 3.81%. 2019 vacancy in Sunnyvale, CA was 4.40%.

The total population of the city of Sunnyvale, CA has grown 9.35% since 2010. As of 2018, the population was 153,185. The median household income of the Sunnyvale was $131,791, which is 118.58% higher than the national average.

  • submarket area Sunnyvale Submarket
  • avg rent $2,922
  • rent growth 20.54%
  • vacancy 4.40%
  • median income $131,791
  • population (2018) 153,185
  • population growth 9.35%
  • vs. nat'l avg 118.58%
  • zip codes 94085 94086 94087 94088 94089

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