Rent, population, and median household income are important factors to consider for a 1031 exchange in Carlsbad due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Carlsbad, California is a part of the North Beaches Submarket submarket area, and contains 6 zip codes: 92018, 92008, 92011, 92010, 92013, and 92009.
Carlsbad Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Carlsbad, CA submarket area was $1,988, which is 17.91% higher than 2014 average rent. This represents a compounded annual growth rate of 3.35%. 2019 vacancy in Carlsbad, CA was 2.80%.
The total population of the city of Carlsbad, CA has grown 10.02% since 2010. As of 2018, the population was 115,877. The median household income of the Carlsbad was $107,172, which is 77.75% higher than the national average.
- submarket area North Beaches Submarket
- avg rent $1,988
- rent growth 17.91%
- vacancy 2.80%
- median income $107,172
- population (2018) 115,877
- population growth 10.02%
- vs. nat'l avg 77.75%
- zip codes 92008 92009 92010 92011 92013 92018
