1031 Exchange La Verne, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in La Verne due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

La Verne, California is a part of the Claremont/Pomona/La Verne Submarket submarket area, and contains zip code 91750.

La Verne Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the La Verne, CA submarket area was $1,664, which is 19.37% higher than 2014 average rent. This represents a compounded annual growth rate of 3.60%. 2019 vacancy in La Verne, CA was 3.10%.

The total population of the city of La Verne, CA has grown 3.68% since 2010. As of 2018, the population was 32,206. The median household income of the La Verne was $85,769, which is 42.25% higher than the national average.

  • submarket area Claremont / Pomona / La Verne Submarket
  • avg rent $1,664
  • rent growth 19.37%
  • vacancy 3.10%
  • median income $85,769
  • population (2018) 32,206
  • population growth 3.68%
  • vs. nat'l avg 42.25%
  • zip code 91750

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