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