Rent, population, and median household income are important factors to consider for a 1031 exchange in Hanford-Corcoran due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Hanford-Corcoran, California is a part of the Hanford-Corcoran, CA metropolitan area, and contains 3 zip codes: 92312, 93232, and 92320.
Hanford-Corcoran Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hanford-Corcoran, CA metropolitan area was $927, which is 22.46% higher than 2014 average rent. This represents a compounded annual growth rate of 4.14%. 2019 vacancy in Hanford-Corcoran, CA was 2.30%.
The total population of the city of Hanford-Corcoran, CA has grown 5.45% since 2010. As of 2018, the population was 56,910. The median household income of the Hanford-Corcoran was $61,647, which is 2.25% higher than the national average.
- metropolitan area Hanford-Corcoran, CA
- avg rent $927
- rent growth 22.46%
- vacancy 2.30%
- median income $61,647
- population (2018) 56,910
- population growth 5.45%
- vs. nat'l avg 2.25%
- zip codes 92320 93232 92312