Rent, population, and median household income are important factors to consider for a 1031 exchange in Alhambra due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Alhambra, California is a part of the E LA/Alhambra/Montebello/Pico Rivera Submarket submarket area, and contains 6 zip codes: 91801, 91899, 91804, 91896, 91802, and 91803.
Alhambra Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Alhambra, CA submarket area was $1,579, which is 33.36% lower than 2014 average rent. This represents a compounded annual growth rate of 5.93%. 2019 vacancy in Alhambra, CA was 2.80%.
The total population of the city of Alhambra, CA has grown 1.88% since 2010. As of 2018, the population was 84,649. The median household income of the Alhambra was $57,117, which is 5.27% lower than the national average.
- submarket area E LA / Alhambra / Montebello / Pico Rivera Submarket
- avg rent $1,579
- rent growth 33.36%
- vacancy 2.80%
- median income $57,117
- population (2018) 84,649
- population growth 1.88%
- vs. nat'l avg 5.27%
- zip codes 91801 91802 91803 91804 91896 91899