Rent, population, and median household income are important factors to consider for a 1031 exchange in Laguna Beach due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Laguna Beach, California is a part of the Laguna Beach/Dana Point Submarket submarket area, and contains zip codes 92651 and 92652.
Laguna Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Laguna Beach, CA submarket area was $2,180, which is 19.32% higher than 2014 average rent. This represents a compounded annual growth rate of 3.60%. 2019 vacancy in Laguna Beach, CA was 3.00%.
The total population of the city of Laguna Beach, CA has grown 1.18% since 2010. As of 2018, the population was 22,991. The median household income of the Laguna Beach was $121,474, which is 101.47% higher than the national average.
- submarket area Laguna Beach / Dana Point Submarket
- avg rent $2,180
- rent growth 19.32%
- vacancy 3.00%
- median income $121,474
- population (2018) 22,991
- population growth 1.18%
- vs. nat'l avg 101.47%
- zip codes 92651 92652