Rent, population, and median household income are important factors to consider for a 1031 exchange in Adelanto due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Adelanto, California is a part of the Victorville Submarket submarket area, and contains zip code 92301.
Adelanto Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Adelanto, CA submarket area was $1,091, which is 38.45% lower than 2014 average rent. This represents a compounded annual growth rate of 6.72%. 2019 vacancy in Adelanto, CA was 3.20%.
The total population of the city of Adelanto, CA has grown 7.54% since 2010. As of 2018, the population was 34,160. The median household income of the Adelanto was $40,018, which is 33.63% lower than the national average.
- submarket area Victorville Submarket
- avg rent $1,091
- rent growth 38.45%
- vacancy 3.20%
- median income $40,018
- population (2018) 34,160
- population growth 7.54%
- vs. nat'l avg 33.63%
- zip code 92301