Rent, population, and median household income are important factors to consider for a 1031 exchange in Citrus Heights due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Citrus Heights, California is a part of the Citrus Heights Submarket submarket area, and contains 3 zip codes: 95611, 95610, and 95621.
Citrus Heights Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Citrus Heights, CA submarket area was $1,346, which is 45.20% lower than 2014 average rent. This represents a compounded annual growth rate of 7.74%. 2019 vacancy in Citrus Heights, CA was 2.60%.
The total population of the city of Citrus Heights, CA has grown 5.53% since 2010. As of 2018, the population was 87,910. The median household income of the Citrus Heights was $59,008, which is 2.13% lower than the national average.
- submarket area Citrus Heights Submarket
- avg rent $1,346
- rent growth 45.20%
- vacancy 2.60%
- median income $59,008
- population (2018) 87,910
- population growth 5.53%
- vs. nat'l avg 2.13%
- zip codes 95610 95611 95621