Rent, population, and median household income are important factors to consider for a 1031 exchange in El Centro due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
El Centro, California is a part of the El Centro, CA metropolitan area, and contains zip codes 92243 and 92244.
El Centro Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the El Centro, CA metropolitan area was $881, which is 12.66% lower than 2014 average rent. This represents a compounded annual growth rate of 2.41%. 2019 vacancy in El Centro, CA was 2.80%.
The total population of the city of El Centro, CA has grown 3.57% since 2010. As of 2018, the population was 44,120. The median household income of the El Centro was $46,457, which is 22.95% lower than the national average.
- metropolitan area El Centro, CA
- avg rent $881
- rent growth 12.66%
- vacancy 2.80%
- median income $46,457
- population (2018) 44,120
- population growth 3.57%
- vs. nat'l avg 22.95%
- zip codes 92243 92244