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1031 Exchange Garden Grove, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Garden Grove due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Garden Grove, California is a part of the South Anaheim Submarket submarket area, and contains 7 zip codes, including: 92840, 92846, 92844, 92845, 92843, and 92841.

Garden Grove Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Garden Grove, CA submarket area was $1,917, which is 25.79% higher than 2014 average rent. This represents a compounded annual growth rate of 4.70%. 2019 vacancy in Garden Grove, CA was 5.50%.

The total population of the city of Garden Grove, CA has grown 4.54% since 2010. As of 2018, the population was 178,646. The median household income of the Garden Grove was $65,591, which is 8.79% higher than the national average.

  • submarket area South Anaheim Submarket
  • avg rent $1,917
  • rent growth 25.79%
  • vacancy 5.50%
  • median income $65,591
  • population (2018) 178,646
  • population growth 4.54%
  • vs. nat'l avg 8.79%
  • zip codes 92840 92841 92842 92843 92844 92845 92846

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