1031 Exchange Buena Park, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Buena Park due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Buena Park, California is a part of the Buena Park Submarket submarket area, and contains 4 zip codes: 90624, 90620, 90621, and 90622.

Buena Park Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Buena Park, CA submarket area was $1,599, which is 13.89% higher than 2014 average rent. This represents a compounded annual growth rate of 2.64%. 2019 vacancy in Buena Park, CA was 1.80%.

The total population of the city of Buena Park, CA has grown 2.35% since 2010. As of 2018, the population was 82,421. The median household income of the Buena Park was $72,814, which is 20.77% higher than the national average.

  • submarket area Buena Park Submarket
  • avg rent $1,599
  • rent growth 13.89%
  • vacancy 1.80%
  • median income $72,814
  • population (2018) 82,421
  • population growth 2.35%
  • vs. nat'l avg 20.77%
  • zip codes 90620 90621 90622 90624

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