Rent, population, and median household income are important factors to consider for a 1031 exchange in Coronado due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Coronado, California is a part of the Downtown San Diego Submarket submarket area, and contains zip codes 92118 and 92178.
Coronado Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Coronado, CA submarket area was $2,612, which is 36.18% higher than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in Coronado, CA was 9.40%.
The total population of the city of Coronado, CA has grown 13.10% since 2010. As of 2018, the population was 21,390. The median household income of the Coronado was $101,520, which is 68.38% higher than the national average.
- submarket area Downtown San Diego Submarket
- avg rent $2,612
- rent growth 36.18%
- vacancy 9.40%
- median income $101,520
- population (2018) 21,390
- population growth 13.10%
- vs. nat'l avg 68.38%
- zip codes 92118 92178