Rent, population, and median household income are important factors to consider for a 1031 exchange in Hawaiian Gardens due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hawaiian Gardens, California is a part of the N Long Beach/Lakewood/Artesia Submarket submarket area, and contains zip code 90716.
Hawaiian Gardens Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hawaiian Gardens, CA submarket area was $1,575, which is 30.27% lower than 2014 average rent. This represents a compounded annual growth rate of 5.43%. 2019 vacancy in Hawaiian Gardens, CA was 3.10%.
The total population of the city of Hawaiian Gardens, CA has grown 0.43% since 2010. As of 2018, the population was 14,315. The median household income of the Hawaiian Gardens was $44,792, which is 25.71% lower than the national average.
- submarket area N Long Beach / Lakewood / Artesia Submarket
- avg rent $1,575
- rent growth 30.27%
- vacancy 3.10%
- median income $44,792
- population (2018) 14,315
- population growth 0.43%
- vs. nat'l avg 25.71%
- zip code 90716