Rent, population, and median household income are important factors to consider for a 1031 exchange in Glendora due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Glendora, California is a part of the Azusa/Covina/Glendora Submarket submarket area, and contains zip codes 91740 and 91741.
Glendora Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Glendora, CA submarket area was $1,492, which is 22.90% higher than 2014 average rent. This represents a compounded annual growth rate of 4.21%. 2019 vacancy in Glendora, CA was 3.00%.
The total population of the city of Glendora, CA has grown 3.85% since 2010. As of 2018, the population was 52,002. The median household income of the Glendora was $92,674, which is 53.71% higher than the national average.
- submarket area Azusa / Covina / Glendora Submarket
- avg rent $1,492
- rent growth 22.90%
- vacancy 3.00%
- median income $92,674
- population (2018) 52,002
- population growth 3.85%
- vs. nat'l avg 53.71%
- zip codes 91740 91741