1031 Exchange La Palma, California

 

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

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