Rent, population, and median household income are important factors to consider for a 1031 exchange in Arcadia due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Arcadia, California is a part of the Arcadia/Duarte/El Monte Submarket submarket area, and contains 4 zip codes: 91007, 91077, 91006, and 91066.
Arcadia Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Arcadia, CA submarket area was $1,634, which is 36.17% higher than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in Arcadia, CA was 4.40%.
The total population of the city of Arcadia, CA has grown 3.98% since 2010. As of 2018, the population was 58,610. The median household income of the Arcadia was $92,102, which is 52.76% higher than the national average.
- submarket area Arcadia / Duarte / El Monte Submarket
- avg rent $1,634
- rent growth 36.17%
- vacancy 4.40%
- median income $92,102
- population (2018) 58,610
- population growth 3.98%
- vs. nat'l avg 52.76%
- zip codes 91006 91007 91066 91077