Rent, population, and median household income are important factors to consider for a 1031 exchange in Apple Valley due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Apple Valley, California is a part of the Victorville Submarket submarket area, and contains zip codes 92307 and 92308.
Apple Valley Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Apple Valley, 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 Apple Valley, CA was 3.20%.
The total population of the city of Apple Valley, CA has grown 6.33% since 2010. As of 2018, the population was 73,508. The median household income of the Apple Valley was $43,023, which is 28.64% lower than the national average.
- submarket area Victorville Submarket
- avg rent $1,091
- rent growth 38.45%
- vacancy 3.20%
- median income $43,023
- population (2018) 73,508
- population growth 6.33%
- vs. nat'l avg 28.64%
- zip codes 92307 92308