Rent, population, and median household income are important factors to consider for a 1031 exchange in La Mirada due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
La Mirada, California is a part of the Whittier Submarket submarket area, and contains 3 zip codes: 90638, 90637, and 90639.
La Mirada Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the La Mirada, CA submarket area was $1,415, which is 17.23% higher than 2014 average rent. This represents a compounded annual growth rate of 3.23%. 2019 vacancy in La Mirada, CA was 2.30%.
The total population of the city of La Mirada, CA has grown 0.32% since 2010. As of 2018, the population was 48,683. The median household income of the La Mirada was $87,778, which is 45.59% higher than the national average.
- submarket area Whittier Submarket
- avg rent $1,415
- rent growth 17.23%
- vacancy 2.30%
- median income $87,778
- population (2018) 48,683
- population growth 0.32%
- vs. nat'l avg 45.59%
- zip codes 90637 90638 90639
