1031 Exchange Downey, California

 

Surrounding submarket Area

Downey, California is a part of the Paramount/Downey/Bellflower/Norwalk Submarket submarket area, and contains 4 zip codes: 90239, 90240, 90242, and 90241.

Downey Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Downey, CA submarket area was $1,546, which is 21.64% higher than 2014 average rent. This represents a compounded annual growth rate of 4.00%. 2019 vacancy in Downey, CA was 1.50%.

The total population of the city of Downey, CA has grown 0.44% since 2010. As of 2018, the population was 112,269. The median household income of the Downey was $71,948, which is 19.33% higher than the national average.

  • submarket area Paramount / Downey / Bellflower / Norwalk Submarket
  • avg rent $1,546
  • rent growth 21.64%
  • vacancy 1.50%
  • median income $71,948
  • population (2018) 112,269
  • population growth 0.44%
  • vs. nat'l avg 19.33%
  • zip codes 90239 90240 90241 90242

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