Rent, population, and median household income are important factors to consider for a 1031 exchange in Desert Hot Springs due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Desert Hot Springs, California is a part of the Palm Springs/Palm Desert Submarket submarket area, and contains zip codes 92240 and 92241.
Desert Hot Springs Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Desert Hot Springs, CA submarket area was $1,165, which is 19.86% lower than 2014 average rent. This represents a compounded annual growth rate of 3.69%. 2019 vacancy in Desert Hot Springs, CA was 2.50%.
The total population of the city of Desert Hot Springs, CA has grown 11.36% since 2010. As of 2018, the population was 28,885. The median household income of the Desert Hot Springs was $34,814, which is 42.26% lower than the national average.
- submarket area Palm Springs / Palm Desert Submarket
- avg rent $1,165
- rent growth 19.86%
- vacancy 2.50%
- median income $34,814
- population (2018) 28,885
- population growth 11.36%
- vs. nat'l avg 42.26%
- zip codes 92240 92241