Rent, population, and median household income are important factors to consider for a 1031 exchange in La Quinta due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
La Quinta, California is a part of the Indio/La Quinta/Coachella Submarket submarket area, and contains 3 zip codes: 92248, 92247, and 92253.
La Quinta Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the La Quinta, CA submarket area was $1,163, which is 22.94% higher than 2014 average rent. This represents a compounded annual growth rate of 4.22%. 2019 vacancy in La Quinta, CA was 2.30%.
The total population of the city of La Quinta, CA has grown 10.86% since 2010. As of 2018, the population was 41,535. The median household income of the La Quinta was $79,889, which is 32.50% higher than the national average.
- submarket area Indio / La Quinta / Coachella Submarket
- avg rent $1,163
- rent growth 22.94%
- vacancy 2.30%
- median income $79,889
- population (2018) 41,535
- population growth 10.86%
- vs. nat'l avg 32.50%
- zip codes 92247 92248 92253
