Rent, population, and median household income are important factors to consider for a 1031 exchange in El Monte due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
El Monte, California is a part of the Arcadia/Duarte/El Monte Submarket submarket area, and contains 4 zip codes: 91732, 91731, 91734, and 91735.
El Monte Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the El Monte, CA submarket area was $1,634, which is 36.17% lower than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in El Monte, CA was 4.40%.
The total population of the city of El Monte, CA has grown 1.86% since 2010. As of 2018, the population was 115,586. The median household income of the El Monte was $47,121, which is 21.85% lower than the national average.
- submarket area Arcadia / Duarte / El Monte Submarket
- avg rent $1,634
- rent growth 36.17%
- vacancy 4.40%
- median income $47,121
- population (2018) 115,586
- population growth 1.86%
- vs. nat'l avg 21.85%
- zip codes 91731 91732 91734 91735