1031 Exchange Coachella, California

 

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

Surrounding submarket Area

Coachella, California is a part of the Indio/La Quinta/Coachella Submarket submarket area, and contains zip code 92236.

Coachella Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Coachella, CA submarket area was $1,163, which is 22.94% lower than 2014 average rent. This represents a compounded annual growth rate of 4.22%. 2019 vacancy in Coachella, CA was 2.30%.

The total population of the city of Coachella, CA has grown 12.62% since 2010. As of 2018, the population was 45,839. The median household income of the Coachella was $33,870, which is 43.82% lower than the national average.

  • submarket area Indio / La Quinta / Coachella Submarket
  • avg rent $1,163
  • rent growth 22.94%
  • vacancy 2.30%
  • median income $33,870
  • population (2018) 45,839
  • population growth 12.62%
  • vs. nat'l avg 43.82%
  • zip code 92236

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