Rent, population, and median household income are important factors to consider for a 1031 exchange in El Segundo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
El Segundo, California is a part of the El Segundo/Hermosa Beach/Redondo Beach Submarket submarket area, and contains zip code 90245.
El Segundo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the El Segundo, CA submarket area was $2,318, which is 20.35% higher than 2014 average rent. This represents a compounded annual growth rate of 3.77%. 2019 vacancy in El Segundo, CA was 4.00%.
The total population of the city of El Segundo, CA has grown 18.40% since 2010. As of 2018, the population was 19,719. The median household income of the El Segundo was $98,813, which is 63.89% higher than the national average.
- submarket area El Segundo / Hermosa Beach / Redondo Beach Submarket
- avg rent $2,318
- rent growth 20.35%
- vacancy 4.00%
- median income $98,813
- population (2018) 19,719
- population growth 18.40%
- vs. nat'l avg 63.89%
- zip code 90245