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
