Rent, population, and median household income are important factors to consider for a 1031 exchange in Compton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Compton, California is a part of the South/Central LA Submarket submarket area, and contains 5 zip codes: 90224, 90220, 90223, 90222, and 90221.
Compton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Compton, CA submarket area was $1,250, which is 29.94% lower than 2014 average rent. This represents a compounded annual growth rate of 5.38%. 2019 vacancy in Compton, CA was 1.30%.
The total population of the city of Compton, CA has grown 0.17% since 2010. As of 2018, the population was 96,617. The median household income of the Compton was $50,507, which is 16.23% lower than the national average.
- submarket area South / Central LA Submarket
- avg rent $1,250
- rent growth 29.94%
- vacancy 1.30%
- median income $50,507
- population (2018) 96,617
- population growth 0.17%
- vs. nat'l avg 16.23%
- zip codes 90220 90221 90222 90223 90224