Rent, population, and median household income are important factors to consider for a 1031 exchange in Chino Hills due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Chino Hills, California is a part of the South Ontario/Chino Submarket submarket area, and contains zip code 91709.
Chino Hills Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Chino Hills, 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 Hills, CA was 5.50%.
The total population of the city of Chino Hills, CA has grown 11.56% since 2010. As of 2018, the population was 83,447. The median household income of the Chino Hills was $104,590, which is 73.47% higher than the national average.
- submarket area South Ontario / Chino Submarket
- avg rent $1,856
- rent growth 34.10%
- vacancy 5.50%
- median income $104,590
- population (2018) 83,447
- population growth 11.56%
- vs. nat'l avg 73.47%
- zip code 91709