1031 Exchange Costa Mesa, California

 

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

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