Rent, population, and median household income are important factors to consider for a 1031 exchange in Lomita due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lomita, California is a part of the Carson/San Pedro/E Torrance/Lomita Submarket submarket area, and contains zip code 90717.
Lomita Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lomita, CA submarket area was $1,644, which is 35.53% higher than 2014 average rent. This represents a compounded annual growth rate of 6.27%. 2019 vacancy in Lomita, CA was 3.00%.
The total population of the city of Lomita, CA has grown 1.31% since 2010. As of 2018, the population was 20,521. The median household income of the Lomita was $69,827, which is 15.81% higher than the national average.
- submarket area Carson / San Pedro / E Torrance / Lomita Submarket
- avg rent $1,644
- rent growth 35.53%
- vacancy 3.00%
- median income $69,827
- population (2018) 20,521
- population growth 1.31%
- vs. nat'l avg 15.81%
- zip code 90717