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1031 Exchange Adelanto, California

 

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

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