Rent, population, and median household income are important factors to consider for a 1031 exchange in La Mesa due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
La Mesa, California is a part of the La Mesa/Spring Valley/Lemon Grove Submarket submarket area, and contains 4 zip codes: 91941, 91942, 91943, and 91944.
La Mesa Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the La Mesa, CA submarket area was $1,741, which is 23.04% higher than 2014 average rent. This represents a compounded annual growth rate of 4.23%. 2019 vacancy in La Mesa, CA was 2.40%.
The total population of the city of La Mesa, CA has grown 120.05% since 2010. As of 2018, the population was 59,556. The median household income of the La Mesa was $63,947, which is 6.06% higher than the national average.
- submarket area La Mesa / Spring Valley / Lemon Grove Submarket
- avg rent $1,741
- rent growth 23.04%
- vacancy 2.40%
- median income $63,947
- population (2018) 59,556
- population growth 120.05%
- vs. nat'l avg 6.06%
- zip codes 91941 91942 91943 91944