😀 Just for fun, Market Stadium analyzed the “live” part (residence market) using our platform!
Market Stadium’s Overall Opinion
🔥 Highlights
The area's established status and consistent growth over the past three years suggest a stable and promising environment for investment. Considering all these factors, building a apartment development with 50+ units or 5 to 9 units seems like a promising venture and targeting well-educated young generation with a high income. A residence usually commutes to nearby location since It has a great proximity to decent universities, employment hub and it is a very walkable area. Check the unit rent price here.
Demand is young generation with a income of $210,000+ & 79.6% bachelors or higher %
Supply seems to be 50+ units apartment with a mixture of 2 & 3-bed
Major University:
- Stanford University
- Santa Clara University
- San Jose State University
Major Airport:
- San Jose Mineta International Airport (8 miles, 15 mins by car)
- San Francisco International (28 miles, 30 mins by car)
- Oakland International Airport (36 miles, 40 mins by car)
🔥 Opportunities
Vacancy rate has been increasing. (Check our data)
Class A Multifamily building has a higher vacancy % than Class B. (Check our data)
Since it is an already established market that it has less compelling for housing value appreciation.
Market Stadium Overview
Address: 250 South Taaffe Street, Sunnyvale, California 94086, United States
- Already established area and had been growing faster than other areas for the past 3 years
- Avg. Housing Value: $ 1,880,250
- Housing Value YoY growth (last 3-year): 3.33 YoY %
- Housing Value YoY Forecast (Next 3-year): 3.31 YoY %
- Market Stadium Supply & Demand Factors:
- A majority residence - Ages 25 to 34
- Fast growing residence - Ages 60 to 64
- Renter-occupied is dominant and there are many 50+ units apartment but 5 to 9 units had been increasing
- 2-bed is dominant while 3-bed had been increasing the most
- 2-bed unit Sales price per sqft: 1,053 PSF
- 2-bed unit Rent price per sqft: 3.12 PSF
- 3-bed unit Sales Price per sqft: 1,005 PSF
- 3-bed unit Rent price per sqft: 3.23 PSF
Market Stadium Major Stats:
- Median Income (all): $156,875
- Median Income (25-34): $210,536
- Bachelor’s or above (all): 64.6%
- Bachelor’s or above (25-34): 79.6%
- Walk Score - 86/100 (Walker's Paradise): Daily errands do not require a car
- Land Regulation: Moderately Regulated
- Major University: Stanford University, Santa Clara University, San Jose State University
- Major Airport:
- San Jose Mineta International Airport (8miles, 15 mins by car)
- San Francisco International (28 miles, 30 mins by car)
- Oakland International Airport (36 miles, 40 mins by car)
- Retail Corridor
- Retail nearby(Major Supermarket)
- Commute (where to commute)
- Transportation
- Employment Hub
- Flood Risk
- Traffic
Key Factor Time Series:
- Population Forecast
- Median Rent (total)
- Median Rent (2-bed)
- Median Rent (3-bed)
- Vacancy % (all units)
- Renter-Occupied unit % (50units+)
- Renter-Occupied unit % (5 to 9 units)
- Job Openings (total jobs)
- Unemployment Rate %
Multifamily
- All Class Properties
- Class A Properties
- Class C Properties
