Rent, population, and median household income are important factors to consider for a 1031 exchange in Bellflower due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bellflower, California is a part of the Paramount/Downey/Bellflower/Norwalk Submarket submarket area, and contains zip codes 90706 and 90707.
Bellflower Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bellflower, CA submarket area was $1,546, which is 21.64% lower than 2014 average rent. This represents a compounded annual growth rate of 4.00%. 2019 vacancy in Bellflower, CA was 1.50%.
The total population of the city of Bellflower, CA has grown 0.67% since 2010. As of 2018, the population was 77,131. The median household income of the Bellflower was $55,279, which is 8.32% lower than the national average.
- submarket area Paramount / Downey / Bellflower / Norwalk Submarket
- avg rent $1,546
- rent growth 21.64%
- vacancy 1.50%
- median income $55,279
- population (2018) 77,131
- population growth 0.67%
- vs. nat'l avg 8.32%
- zip codes 90706 90707