Rent, population, and median household income are important factors to consider for a 1031 exchange in Laguna Hills due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Laguna Hills, California is a part of the Laguna Hills Submarket submarket area, and contains zip codes 92653 and 92654.
Laguna Hills Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Laguna Hills, CA submarket area was $2,128, which is 14.10% higher than 2014 average rent. This represents a compounded annual growth rate of 2.67%. 2019 vacancy in Laguna Hills, CA was 5.10%.
The total population of the city of Laguna Hills, CA has grown 2.24% since 2010. As of 2018, the population was 31,024. The median household income of the Laguna Hills was $98,168, which is 62.82% higher than the national average.
- submarket area Laguna Hills Submarket
- avg rent $2,128
- rent growth 14.10%
- vacancy 5.10%
- median income $98,168
- population (2018) 31,024
- population growth 2.24%
- vs. nat'l avg 62.82%
- zip codes 92653 92654