Rent, population, and median household income are important factors to consider for a 1031 exchange in Montclair due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Montclair, California is a part of the North Ontario Submarket submarket area, and contains zip code 91763.
Montclair Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Montclair, CA submarket area was $1,546, which is 28.41% lower than 2014 average rent. This represents a compounded annual growth rate of 5.13%. 2019 vacancy in Montclair, CA was 3.80%.
The total population of the city of Montclair, CA has grown 7.56% since 2010. As of 2018, the population was 39,437. The median household income of the Montclair was $58,012, which is 3.78% lower than the national average.
- submarket area North Ontario Submarket
- avg rent $1,546
- rent growth 28.41%
- vacancy 3.80%
- median income $58,012
- population (2018) 39,437
- population growth 7.56%
- vs. nat'l avg 3.78%
- zip code 91763
