Rent, population, and median household income are important factors to consider for a 1031 exchange in Indio due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Indio, California is a part of the Indio/La Quinta/Coachella Submarket submarket area, and contains 3 zip codes: 92201, 92203, and 92202.
Indio Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Indio, CA submarket area was $1,163, which is 22.94% lower than 2014 average rent. This represents a compounded annual growth rate of 4.22%. 2019 vacancy in Indio, CA was 2.30%.
The total population of the city of Indio, CA has grown 20.00% since 2010. As of 2018, the population was 91,240. The median household income of the Indio was $50,824, which is 15.70% lower than the national average.
- submarket area Indio / La Quinta / Coachella Submarket
- avg rent $1,163
- rent growth 22.94%
- vacancy 2.30%
- median income $50,824
- population (2018) 91,240
- population growth 20.00%
- vs. nat'l avg 15.70%
- zip codes 92201 92202 92203