Rent, population, and median household income are important factors to consider for a 1031 exchange in Costa Mesa due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Costa Mesa, California is a part of the Costa Mesa Submarket submarket area, and contains 3 zip codes: 92628, 92627, and 92626.
Costa Mesa Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Costa Mesa, CA submarket area was $1,940, which is 8.81% higher than 2014 average rent. This represents a compounded annual growth rate of 1.70%. 2019 vacancy in Costa Mesa, CA was 1.90%.
The total population of the city of Costa Mesa, CA has grown 3.32% since 2010. As of 2018, the population was 113,615. The median household income of the Costa Mesa was $79,207, which is 31.37% higher than the national average.
- submarket area Costa Mesa Submarket
- avg rent $1,940
- rent growth 8.81%
- vacancy 1.90%
- median income $79,207
- population (2018) 113,615
- population growth 3.32%
- vs. nat'l avg 31.37%
- zip codes 92626 92627 92628
