1031 Exchange Moorpark, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Moorpark due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Moorpark, California is a part of the Simi Valley/Moorpark Submarket submarket area, and contains zip codes 93020 and 93021.

Moorpark Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Moorpark, CA submarket area was $1,835, which is 15.41% higher than 2014 average rent. This represents a compounded annual growth rate of 2.91%. 2019 vacancy in Moorpark, CA was 3.00%.

The total population of the city of Moorpark, CA has grown 6.26% since 2010. As of 2018, the population was 36,576. The median household income of the Moorpark was $104,839, which is 73.88% higher than the national average.

  • submarket area Simi Valley / Moorpark Submarket
  • avg rent $1,835
  • rent growth 15.41%
  • vacancy 3.00%
  • median income $104,839
  • population (2018) 36,576
  • population growth 6.26%
  • vs. nat'l avg 73.88%
  • zip codes 93020 93021

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