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