Rent, population, and median household income are important factors to consider for a 1031 exchange in Walnut Creek due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Walnut Creek, California is a part of the San Ramon/Walnut Creek Submarket submarket area, and contains 4 zip codes: 94595, 94597, 94598, and 94596.
Walnut Creek Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Walnut Creek, CA submarket area was $2,590, which is 32.96% higher than 2014 average rent. This represents a compounded annual growth rate of 5.86%. 2019 vacancy in Walnut Creek, CA was 3.10%.
The total population of the city of Walnut Creek, CA has grown 8.81% since 2010. As of 2018, the population was 69,825. The median household income of the Walnut Creek was $96,851, which is 60.63% higher than the national average.
- submarket area San Ramon / Walnut Creek Submarket
- avg rent $2,590
- rent growth 32.96%
- vacancy 3.10%
- median income $96,851
- population (2018) 69,825
- population growth 8.81%
- vs. nat'l avg 60.63%
- zip codes 94595 94596 94597 94598