Rent, population, and median household income are important factors to consider for a 1031 exchange in Duarte due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Duarte, California is a part of the Arcadia/Duarte/El Monte Submarket submarket area, and contains 3 zip codes: 91008, 91010, and 91009.
Duarte Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Duarte, CA submarket area was $1,634, which is 36.17% higher than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in Duarte, CA was 4.40%.
The total population of the city of Duarte, CA has grown 0.97% since 2010. As of 2018, the population was 21,527. The median household income of the Duarte was $73,429, which is 21.79% higher than the national average.
- submarket area Arcadia / Duarte / El Monte Submarket
- avg rent $1,634
- rent growth 36.17%
- vacancy 4.40%
- median income $73,429
- population (2018) 21,527
- population growth 0.97%
- vs. nat'l avg 21.79%
- zip codes 91008 91009 91010