Rent, population, and median household income are important factors to consider for a 1031 exchange in Inglewood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Inglewood, California is a part of the Inglewood/Crenshaw submarket area, and contains 12 zip codes, including: 90310, 90301, 90302, 90306, 90307, and 90312.
Inglewood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Inglewood, CA submarket area was $1,615, which is 48.03% lower than 2014 average rent. This represents a compounded annual growth rate of 8.16%. 2019 vacancy in Inglewood, CA was 2.10%.
The total population of the city of Inglewood, CA has decreased 0.23% since 2010. As of 2018, the population was 109,419. The median household income of the Inglewood was $50,335, which is 16.52% lower than the national average.
- submarket area Inglewood / Crenshaw
- avg rent $1,615
- rent growth 48.03%
- vacancy 2.10%
- median income $50,335
- population (2018) 109,419
- population growth -0.23%
- vs. nat'l avg 16.52%
- zip codes 90301 90302 90303 90304 90305 90306 90307 90308 90309 90310 90311 90312
