Rent, population, and median household income are important factors to consider for a 1031 exchange in Gardena due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Gardena, California is a part of the Hawthorne/North Torrance Submarket submarket area, and contains 3 zip codes: 90248, 90247, and 90249.
Gardena Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Gardena, CA submarket area was $1,350, which is 25.70% lower than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Gardena, CA was 1.30%.
The total population of the city of Gardena, CA has grown 1.52% since 2010. As of 2018, the population was 59,721. The median household income of the Gardena was $55,351, which is 8.20% lower than the national average.
- submarket area Hawthorne / North Torrance Submarket
- avg rent $1,350
- rent growth 25.70%
- vacancy 1.30%
- median income $55,351
- population (2018) 59,721
- population growth 1.52%
- vs. nat'l avg 8.20%
- zip codes 90247 90248 90249