Rent, population, and median household income are important factors to consider for a 1031 exchange in El Cajon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
El Cajon, California is a part of the El Cajon/Santee/Lakeside Submarket submarket area, and contains 4 zip codes: 92020, 92019, 92022, and 92021.
El Cajon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the El Cajon, CA submarket area was $1,374, which is 19.58% lower than 2014 average rent. This represents a compounded annual growth rate of 3.64%. 2019 vacancy in El Cajon, CA was 1.80%.
The total population of the city of El Cajon, CA has grown 3.78% since 2010. As of 2018, the population was 103,241. The median household income of the El Cajon was $52,593, which is 12.77% lower than the national average.
- submarket area El Cajon / Santee / Lakeside Submarket
- avg rent $1,374
- rent growth 19.58%
- vacancy 1.80%
- median income $52,593
- population (2018) 103,241
- population growth 3.78%
- vs. nat'l avg 12.77%
- zip codes 92019 92020 92021 92022
