Rent, population, and median household income are important factors to consider for a 1031 exchange in Laguna Woods due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Laguna Woods, California is a part of the Laguna Hills Submarket submarket area, and contains zip code 92637.
Laguna Woods Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Laguna Woods, CA submarket area was $2,128, which is 14.10% lower than 2014 average rent. This represents a compounded annual growth rate of 2.67%. 2019 vacancy in Laguna Woods, CA was 5.10%.
The total population of the city of Laguna Woods, CA has decreased 0.90% since 2010. As of 2018, the population was 16,046. The median household income of the Laguna Woods was $41,928, which is 30.46% lower than the national average.
- submarket area Laguna Hills Submarket
- avg rent $2,128
- rent growth 14.10%
- vacancy 5.10%
- median income $41,928
- population (2018) 16,046
- population growth -0.90%
- vs. nat'l avg 30.46%
- zip code 92637