Rent, population, and median household income are important factors to consider for a 1031 exchange in Artesia due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Artesia, California is a part of the N Long Beach/Lakewood/Artesia Submarket submarket area, and contains zip codes 90701 and 90702.
Artesia Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Artesia, CA submarket area was $1,575, which is 30.27% higher than 2014 average rent. This represents a compounded annual growth rate of 5.43%. 2019 vacancy in Artesia, CA was 3.10%.
The total population of the city of Artesia, CA has grown 1.38% since 2010. As of 2018, the population was 16,750. The median household income of the Artesia was $63,708, which is 5.66% higher than the national average.
- submarket area N Long Beach / Lakewood / Artesia Submarket
- avg rent $1,575
- rent growth 30.27%
- vacancy 3.10%
- median income $63,708
- population (2018) 16,750
- population growth 1.38%
- vs. nat'l avg 5.66%
- zip codes 90701 90702
