1031 Exchange Union City, California

 

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

Surrounding submarket Area

Union City, California is a part of the Fremont/Newark/Union City Submarket submarket area, and contains zip code 94587.

Union City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Union City, CA submarket area was $2,296, which is 19.65% higher than 2014 average rent. This represents a compounded annual growth rate of 3.65%. 2019 vacancy in Union City, CA was 2.50%.

The total population of the city of Union City, CA has grown 7.25% since 2010. As of 2018, the population was 74,559. The median household income of the Union City was $105,448, which is 74.89% higher than the national average.

  • submarket area Fremont / Newark / Union City Submarket
  • avg rent $2,296
  • rent growth 19.65%
  • vacancy 2.50%
  • median income $105,448
  • population (2018) 74,559
  • population growth 7.25%
  • vs. nat'l avg 74.89%
  • zip code 94587

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