Rent, population, and median household income are important factors to consider for a 1031 exchange in Fontana due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Fontana, California is a part of the Fontana/Rialto Submarket submarket area, and contains 5 zip codes: 92337, 92334, 92335, 92336, and 92331.
Fontana Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fontana, CA submarket area was $1,212, which is 15.32% higher than 2014 average rent. This represents a compounded annual growth rate of 2.89%. 2019 vacancy in Fontana, CA was 1.90%.
The total population of the city of Fontana, CA has grown 9.01% since 2010. As of 2018, the population was 213,739. The median household income of the Fontana was $70,789, which is 17.41% higher than the national average.
- submarket area Fontana / Rialto Submarket
- avg rent $1,212
- rent growth 15.32%
- vacancy 1.90%
- median income $70,789
- population (2018) 213,739
- population growth 9.01%
- vs. nat'l avg 17.41%
- zip codes 92331 92334 92335 92336 92337