Rent, population, and median household income are important factors to consider for a 1031 exchange in Chino due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Chino, California is a part of the South Ontario/Chino Submarket submarket area, and contains zip codes 91708 and 91710.
Chino Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Chino, CA submarket area was $1,856, which is 34.10% higher than 2014 average rent. This represents a compounded annual growth rate of 6.04%. 2019 vacancy in Chino, CA was 5.50%.
The total population of the city of Chino, CA has grown 17.44% since 2010. As of 2018, the population was 91,583. The median household income of the Chino was $79,477, which is 31.82% higher than the national average.
- submarket area South Ontario / Chino Submarket
- avg rent $1,856
- rent growth 34.10%
- vacancy 5.50%
- median income $79,477
- population (2018) 91,583
- population growth 17.44%
- vs. nat'l avg 31.82%
- zip codes 91708 91710