Rent, population, and median household income are important factors to consider for a 1031 exchange in Baldwin Park due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Baldwin Park, California is a part of the Azusa/Covina/Glendora Submarket submarket area, and contains zip code 91706.
Baldwin Park Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Baldwin Park, CA submarket area was $1,492, which is 22.90% higher than 2014 average rent. This represents a compounded annual growth rate of 4.21%. 2019 vacancy in Baldwin Park, CA was 3.00%.
The total population of the city of Baldwin Park, CA has grown 0.56% since 2010. As of 2018, the population was 75,813. The median household income of the Baldwin Park was $62,227, which is 3.21% higher than the national average.
- submarket area Azusa / Covina / Glendora Submarket
- avg rent $1,492
- rent growth 22.90%
- vacancy 3.00%
- median income $62,227
- population (2018) 75,813
- population growth 0.56%
- vs. nat'l avg 3.21%
- zip code 91706
