Rent, population, and median household income are important factors to consider for a 1031 exchange in Loma Linda due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Loma Linda, California is a part of the Colton/Loma Linda Submarket submarket area, and contains 3 zip codes: 92354, 92357, and 92350.
Loma Linda Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Loma Linda, CA submarket area was $1,468, which is 26.66% lower than 2014 average rent. This represents a compounded annual growth rate of 4.84%. 2019 vacancy in Loma Linda, CA was 2.50%.
The total population of the city of Loma Linda, CA has grown 4.82% since 2010. As of 2018, the population was 24,382. The median household income of the Loma Linda was $53,371, which is 11.48% lower than the national average.
- submarket area Colton / Loma Linda Submarket
- avg rent $1,468
- rent growth 26.66%
- vacancy 2.50%
- median income $53,371
- population (2018) 24,382
- population growth 4.82%
- vs. nat'l avg 11.48%
- zip codes 92350 92354 92357
