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: 91911, 91912, 91914, 91921, 91909, and 91910.
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