Rent, population, and median household income are important factors to consider for a 1031 exchange in National City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
National City, California is a part of the National City/Chula Vista Submarket submarket area, and contains zip codes 91950 and 91951.
National City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the National City, CA submarket area was $1,622, which is 21.23% lower than 2014 average rent. This represents a compounded annual growth rate of 3.92%. 2019 vacancy in National City, CA was 2.70%.
The total population of the city of National City, CA has grown 4.86% since 2010. As of 2018, the population was 61,431. The median household income of the National City was $46,032, which is 23.65% lower than the national average.
- submarket area National City / Chula Vista Submarket
- avg rent $1,622
- rent growth 21.23%
- vacancy 2.70%
- median income $46,032
- population (2018) 61,431
- population growth 4.86%
- vs. nat'l avg 23.65%
- zip codes 91950 91951