Rent, population, and median household income are important factors to consider for a 1031 exchange in Colton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Colton, California is a part of the San Bernardino Submarket submarket area, and contains zip code 92324.
Colton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Colton, CA submarket area was $1,102, which is 26.09% lower than 2014 average rent. This represents a compounded annual growth rate of 4.75%. 2019 vacancy in Colton, CA was 2.50%.
The total population of the city of Colton, CA has grown 4.96% since 2010. As of 2018, the population was 54,741. The median household income of the Colton was $50,063, which is 16.97% lower than the national average.
- submarket area San Bernardino Submarket
- avg rent $1,102
- rent growth 26.09%
- vacancy 2.50%
- median income $50,063
- population (2018) 54,741
- population growth 4.96%
- vs. nat'l avg 16.97%
- zip code 92324
