Rent, population, and median household income are important factors to consider for a 1031 exchange in Montebello due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Montebello, California is a part of the E LA/Alhambra/Montebello/Pico Rivera Submarket submarket area, and contains zip code 90640.
Montebello Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Montebello, CA submarket area was $1,579, which is 33.36% lower than 2014 average rent. This represents a compounded annual growth rate of 5.93%. 2019 vacancy in Montebello, CA was 2.80%.
The total population of the city of Montebello, CA has grown 0.21% since 2010. As of 2018, the population was 62,632. The median household income of the Montebello was $53,677, which is 10.97% lower than the national average.
- submarket area E LA / Alhambra / Montebello / Pico Rivera Submarket
- avg rent $1,579
- rent growth 33.36%
- vacancy 2.80%
- median income $53,677
- population (2018) 62,632
- population growth 0.21%
- vs. nat'l avg 10.97%
- zip code 90640