1031 Exchange Long Beach, California

 

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

Surrounding submarket Area

Long Beach, California is a part of the West Long Beach/Signal Hill submarket area, and contains 25 zip codes, including: 90832, 90804, 90802, 90807, 90842, and 90848.

Long Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Long Beach, CA submarket area was $2,360, which is 48.15% higher than 2014 average rent. This represents a compounded annual growth rate of 8.18%. 2019 vacancy in Long Beach, CA was 7.00%.

The total population of the city of Long Beach, CA has grown 1.10% since 2010. As of 2018, the population was 467,354. The median household income of the Long Beach was $60,551, which is 0.43% higher than the national average.

  • submarket area West Long Beach / Signal Hill
  • avg rent $2,360
  • rent growth 48.15%
  • vacancy 7.00%
  • median income $60,551
  • population (2018) 467,354
  • population growth 1.10%
  • vs. nat'l avg 0.43%
  • zip codes 90801 90802 90803 90804 90805 90806 90807 90808 90809 90810 90813 90814 90815 90822 90831 90832 90833 90840 90842 90844 90846 90847 90848 90853 90899

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