Rent, population, and median household income are important factors to consider for a 1031 exchange in Calabasas due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Calabasas, California is a part of the Woodland Hills/Tarzana/101 West Submarket submarket area, and contains zip codes 91302 and 91372.
Calabasas Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Calabasas, CA submarket area was $2,057, which is 20.01% higher than 2014 average rent. This represents a compounded annual growth rate of 3.72%. 2019 vacancy in Calabasas, CA was 3.30%.
The total population of the city of Calabasas, CA has grown 3.89% since 2010. As of 2018, the population was 23,954. The median household income of the Calabasas was $119,926, which is 98.91% higher than the national average.
- submarket area Woodland Hills / Tarzana / 101 West Submarket
- avg rent $2,057
- rent growth 20.01%
- vacancy 3.30%
- median income $119,926
- population (2018) 23,954
- population growth 3.89%
- vs. nat'l avg 98.91%
- zip codes 91302 91372