Rent, population, and median household income are important factors to consider for a 1031 exchange in Azusa due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Azusa, California is a part of the Azusa/Covina/Glendora Submarket submarket area, and contains zip code 91702.
Azusa Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Azusa, CA submarket area was $1,492, which is 22.90% lower than 2014 average rent. This represents a compounded annual growth rate of 4.21%. 2019 vacancy in Azusa, CA was 3.00%.
The total population of the city of Azusa, CA has grown 7.76% since 2010. As of 2018, the population was 49,958. The median household income of the Azusa was $60,227, which is 0.11% lower than the national average.
- submarket area Azusa / Covina / Glendora Submarket
- avg rent $1,492
- rent growth 22.90%
- vacancy 3.00%
- median income $60,227
- population (2018) 49,958
- population growth 7.76%
- vs. nat'l avg 0.11%
- zip code 91702