1031 Exchange Irvine, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Irvine due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Irvine, California is a part of the Irvine Submarket submarket area, and contains 13 zip codes, including: 92619, 92612, 92618, 92603, 92697, and 92606.

Irvine Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Irvine, CA submarket area was $2,557, which is 18.93% higher than 2014 average rent. This represents a compounded annual growth rate of 3.53%. 2019 vacancy in Irvine, CA was 5.10%.

The total population of the city of Irvine, CA has grown 33.05% since 2010. As of 2018, the population was 282,572. The median household income of the Irvine was $100,969, which is 67.46% higher than the national average.

  • submarket area Irvine Submarket
  • avg rent $2,557
  • rent growth 18.93%
  • vacancy 5.10%
  • median income $100,969
  • population (2018) 282,572
  • population growth 33.05%
  • vs. nat'l avg 67.46%
  • zip codes 92602 92603 92604 92606 92612 92614 92616 92617 92618 92619 92620 92623 92697

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