Rent, population, and median household income are important factors to consider for a 1031 exchange in Encinitas due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Encinitas, California is a part of the North Beaches Submarket submarket area, and contains zip codes 92023 and 92024.
Encinitas Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Encinitas, CA submarket area was $1,988, which is 17.91% higher than 2014 average rent. This represents a compounded annual growth rate of 3.35%. 2019 vacancy in Encinitas, CA was 2.80%.
The total population of the city of Encinitas, CA has grown 5.69% since 2010. As of 2018, the population was 62,904. The median household income of the Encinitas was $113,175, which is 87.71% higher than the national average.
- submarket area North Beaches Submarket
- avg rent $1,988
- rent growth 17.91%
- vacancy 2.80%
- median income $113,175
- population (2018) 62,904
- population growth 5.69%
- vs. nat'l avg 87.71%
- zip codes 92023 92024