Rent, population, and median household income are important factors to consider for a 1031 exchange in Mission Viejo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mission Viejo, California is a part of the Mission Viejo Submarket submarket area, and contains 3 zip codes: 92692, 92690, and 92691.
Mission Viejo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mission Viejo, CA submarket area was $1,998, which is 14.63% higher than 2014 average rent. This represents a compounded annual growth rate of 2.77%. 2019 vacancy in Mission Viejo, CA was 3.80%.
The total population of the city of Mission Viejo, CA has grown 2.03% since 2010. As of 2018, the population was 95,202. The median household income of the Mission Viejo was $114,688, which is 90.22% higher than the national average.
- submarket area Mission Viejo Submarket
- avg rent $1,998
- rent growth 14.63%
- vacancy 3.80%
- median income $114,688
- population (2018) 95,202
- population growth 2.03%
- vs. nat'l avg 90.22%
- zip codes 92690 92691 92692
