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