Rent, population, and median household income are important factors to consider for a 1031 exchange in Glendale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Glendale, California is a part of the South Glendale/Highland Park submarket area, and contains 14 zip codes, including: 91210, 91203, 91208, 91204, 91225, and 91201.
Glendale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Glendale, CA submarket area was $1,970, which is 41.02% higher than 2014 average rent. This represents a compounded annual growth rate of 7.12%. 2019 vacancy in Glendale, CA was 4.50%.
The total population of the city of Glendale, CA has grown 5.03% since 2010. As of 2018, the population was 201,361. The median household income of the Glendale was $62,531, which is 3.71% higher than the national average.
- submarket area South Glendale / Highland Park
- avg rent $1,970
- rent growth 41.02%
- vacancy 4.50%
- median income $62,531
- population (2018) 201,361
- population growth 5.03%
- vs. nat'l avg 3.71%
- zip codes 91201 91202 91203 91204 91205 91206 91207 91208 91209 91210 91221 91222 91225 91226
