Rent, population, and median household income are important factors to consider for a 1031 exchange in Camarillo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Camarillo, California is a part of the Camarillo Submarket submarket area, and contains 3 zip codes: 93011, 93012, and 93010.
Camarillo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Camarillo, CA submarket area was $1,807, which is 20.55% lower than 2014 average rent. This represents a compounded annual growth rate of 3.81%. 2019 vacancy in Camarillo, CA was 4.50%.
The total population of the city of Camarillo, CA has grown 6.02% since 2010. As of 2018, the population was 69,127. The median household income of the Camarillo was $92,913, which is 54.10% lower than the national average.
- submarket area Camarillo Submarket
- avg rent $1,807
- rent growth 20.55%
- vacancy 4.50%
- median income $92,913
- population (2018) 69,127
- population growth 6.02%
- vs. nat'l avg 54.10%
- zip codes 93010 93011 93012