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1031 Exchange Chula Vista, California

 

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

Surrounding submarket Area

Chula Vista, California is a part of the National City/Chula Vista submarket area, and contains 8 zip codes, including: 91915, 91911, 91914, 91921, 91913, and 91912.

Chula Vista Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Chula Vista, CA submarket area was $1,622, which is 21.23% higher than 2014 average rent. This represents a compounded annual growth rate of 3.92%. 2019 vacancy in Chula Vista, CA was 2.70%.

The total population of the city of Chula Vista, CA has grown 11.37% since 2010. As of 2018, the population was 271,651. The median household income of the Chula Vista was $76,354, which is 26.64% higher than the national average.

  • submarket area National City / Chula Vista
  • avg rent $1,622
  • rent growth 21.23%
  • vacancy 2.70%
  • median income $76,354
  • population (2018) 271,651
  • population growth 11.37%
  • vs. nat'l avg 26.64%
  • zip codes 91909 91910 91911 91912 91913 91914 91915 91921

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