Rent, population, and median household income are important factors to consider for a 1031 exchange in Hesperia due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hesperia, California is a part of the Victorville Submarket submarket area, and contains 3 zip codes: 92345, 92340, and 92344.
Hesperia Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hesperia, CA submarket area was $1,091, which is 38.45% lower than 2014 average rent. This represents a compounded annual growth rate of 6.72%. 2019 vacancy in Hesperia, CA was 3.20%.
The total population of the city of Hesperia, CA has grown 5.66% since 2010. As of 2018, the population was 95,274. The median household income of the Hesperia was $53,402, which is 11.43% lower than the national average.
- submarket area Victorville Submarket
- avg rent $1,091
- rent growth 38.45%
- vacancy 3.20%
- median income $53,402
- population (2018) 95,274
- population growth 5.66%
- vs. nat'l avg 11.43%
- zip codes 92340 92344 92345