1031 Exchange Lynwood, California

 

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

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