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1031 Exchange Citrus Heights, California

 

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

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