1031 Exchange Canyon Lake, California

 

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

Surrounding submarket Area

Canyon Lake, California is a part of the Perris Submarket submarket area.

Canyon Lake Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Canyon Lake, CA submarket area was $1,435, which is 49.17% higher than 2014 average rent. This represents a compounded annual growth rate of 8.33%. 2019 vacancy in Canyon Lake, CA was 6.30%.

The total population of the city of Canyon Lake, CA has grown 6.68% since 2010. As of 2018, the population was 11,267. The median household income of the Canyon Lake was $97,237, which is 61.27% higher than the national average.

  • submarket area Perris Submarket
  • avg rent $1,435
  • rent growth 49.17%
  • vacancy 6.30%
  • median income $97,237
  • population (2018) 11,267
  • population growth 6.68%
  • vs. nat'l avg 61.27%

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