Rent, population, and median household income are important factors to consider for a 1031 exchange in Lynwood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lynwood, California is a part of the South/Central LA Submarket submarket area, and contains zip code 90262.
Lynwood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lynwood, CA submarket area was $1,250, which is 29.94% lower than 2014 average rent. This represents a compounded annual growth rate of 5.38%. 2019 vacancy in Lynwood, CA was 1.30%.
The total population of the city of Lynwood, CA has grown 1.05% since 2010. As of 2018, the population was 70,504. The median household income of the Lynwood was $49,684, which is 17.60% lower than the national average.
- submarket area South / Central LA Submarket
- avg rent $1,250
- rent growth 29.94%
- vacancy 1.30%
- median income $49,684
- population (2018) 70,504
- population growth 1.05%
- vs. nat'l avg 17.60%
- zip code 90262