1031 Exchange Calimesa, California

 

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

Surrounding submarket Area

Calimesa, California is a part of the Colton/Loma Linda Submarket submarket area, and contains zip code 92320.

Calimesa Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Calimesa, CA submarket area was $1,468, which is 26.66% lower than 2014 average rent. This represents a compounded annual growth rate of 4.84%. 2019 vacancy in Calimesa, CA was 2.50%.

The total population of the city of Calimesa, CA has grown 13.43% since 2010. As of 2018, the population was 8,937. The median household income of the Calimesa was $53,366, which is 11.49% lower than the national average.

  • submarket area Colton / Loma Linda Submarket
  • avg rent $1,468
  • rent growth 26.66%
  • vacancy 2.50%
  • median income $53,366
  • population (2018) 8,937
  • population growth 13.43%
  • vs. nat'l avg 11.49%
  • zip code 92320

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