1031 Exchange Corona, California

 

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

Surrounding submarket Area

Corona, California is a part of the Riverside County/Corona Submarket submarket area, and contains 7 zip codes, including: 92881, 92879, 92880, 92877, 92878, and 92883.

Corona Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Corona, CA submarket area was $1,632, which is 31.83% higher than 2014 average rent. This represents a compounded annual growth rate of 5.68%. 2019 vacancy in Corona, CA was 3.50%.

The total population of the city of Corona, CA has grown 10.79% since 2010. As of 2018, the population was 168,819. The median household income of the Corona was $79,081, which is 31.16% higher than the national average.

  • submarket area Riverside County / Corona Submarket
  • avg rent $1,632
  • rent growth 31.83%
  • vacancy 3.50%
  • median income $79,081
  • population (2018) 168,819
  • population growth 10.79%
  • vs. nat'l avg 31.16%
  • zip codes 92877 92878 92879 92880 92881 92882 92883

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