Rent, population, and median household income are important factors to consider for a 1031 exchange in Lawndale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lawndale, California is a part of the Hawthorne/North Torrance Submarket submarket area, and contains zip codes 90260 and 90261.
Lawndale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lawndale, CA submarket area was $1,350, which is 25.70% lower than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Lawndale, CA was 1.30%.
The total population of the city of Lawndale, CA has decreased 0.05% since 2010. As of 2018, the population was 32,754. The median household income of the Lawndale was $58,447, which is 3.06% lower than the national average.
- submarket area Hawthorne / North Torrance Submarket
- avg rent $1,350
- rent growth 25.70%
- vacancy 1.30%
- median income $58,447
- population (2018) 32,754
- population growth -0.05%
- vs. nat'l avg 3.06%
- zip codes 90260 90261