Rent, population, and median household income are important factors to consider for a 1031 exchange in Lakewood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lakewood, California is a part of the N Long Beach/Lakewood/Artesia Submarket submarket area, and contains 5 zip codes: 90713, 90712, 90714, 90715, and 90711.
Lakewood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lakewood, CA submarket area was $1,575, which is 30.27% higher than 2014 average rent. This represents a compounded annual growth rate of 5.43%. 2019 vacancy in Lakewood, CA was 3.10%.
The total population of the city of Lakewood, CA has grown 0.11% since 2010. As of 2018, the population was 80,140. The median household income of the Lakewood was $89,469, which is 48.39% higher than the national average.
- submarket area N Long Beach / Lakewood / Artesia Submarket
- avg rent $1,575
- rent growth 30.27%
- vacancy 3.10%
- median income $89,469
- population (2018) 80,140
- population growth 0.11%
- vs. nat'l avg 48.39%
- zip codes 90711 90712 90713 90714 90715