Rent, population, and median household income are important factors to consider for a 1031 exchange in Hawthorne due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hawthorne, California is a part of the Hawthorne/North Torrance Submarket submarket area, and contains zip codes 90250 and 90251.
Hawthorne Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hawthorne, CA submarket area was $1,350, which is 25.70% lower than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Hawthorne, CA was 1.30%.
The total population of the city of Hawthorne, CA has grown 3.17% since 2010. As of 2018, the population was 86,965. The median household income of the Hawthorne was $50,948, which is 15.50% lower than the national average.
- submarket area Hawthorne / North Torrance Submarket
- avg rent $1,350
- rent growth 25.70%
- vacancy 1.30%
- median income $50,948
- population (2018) 86,965
- population growth 3.17%
- vs. nat'l avg 15.50%
- zip codes 90250 90251