Rent, population, and median household income are important factors to consider for a 1031 exchange in La Palma due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
La Palma, California is a part of the Buena Park Submarket submarket area, and contains zip code 90623.
La Palma Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the La Palma, CA submarket area was $1,599, which is 13.89% higher than 2014 average rent. This represents a compounded annual growth rate of 2.64%. 2019 vacancy in La Palma, CA was 1.80%.
The total population of the city of La Palma, CA has grown 0.00% since 2010. As of 2018, the population was 15,568. The median household income of the La Palma was $98,788, which is 63.85% higher than the national average.
- submarket area Buena Park Submarket
- avg rent $1,599
- rent growth 13.89%
- vacancy 1.80%
- median income $98,788
- population (2018) 15,568
- population growth 0.00%
- vs. nat'l avg 63.85%
- zip code 90623