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1031 Exchange La Mesa, California

 

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: 91943, 91944, 91942, and 91941.

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

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