1031 Exchange Lake Forest, California

 

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

Surrounding submarket Area

Lake Forest, California is a part of the Mission Viejo Submarket submarket area, and contains zip code 92630.

Lake Forest Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lake Forest, CA submarket area was $1,998, which is 14.63% higher than 2014 average rent. This represents a compounded annual growth rate of 2.77%. 2019 vacancy in Lake Forest, CA was 3.80%.

The total population of the city of Lake Forest, CA has grown 10.82% since 2010. As of 2018, the population was 85,623. The median household income of the Lake Forest was $104,449, which is 73.24% higher than the national average.

  • submarket area Mission Viejo Submarket
  • avg rent $1,998
  • rent growth 14.63%
  • vacancy 3.80%
  • median income $104,449
  • population (2018) 85,623
  • population growth 10.82%
  • vs. nat'l avg 73.24%
  • zip code 92630

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