Rent, population, and median household income are important factors to consider for a 1031 exchange in Grand Terrace due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Grand Terrace, California is a part of the Colton/Loma Linda Submarket submarket area, and contains zip code 92313.
Grand Terrace Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Grand Terrace, CA submarket area was $1,468, which is 26.66% higher than 2014 average rent. This represents a compounded annual growth rate of 4.84%. 2019 vacancy in Grand Terrace, CA was 2.50%.
The total population of the city of Grand Terrace, CA has grown 4.52% since 2010. As of 2018, the population was 12,584. The median household income of the Grand Terrace was $66,912, which is 10.98% higher than the national average.
- submarket area Colton / Loma Linda Submarket
- avg rent $1,468
- rent growth 26.66%
- vacancy 2.50%
- median income $66,912
- population (2018) 12,584
- population growth 4.52%
- vs. nat'l avg 10.98%
- zip code 92313