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1031 Exchange Norco, California

 

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

Surrounding submarket Area

Norco, California is a part of the Riverside County/Corona Submarket submarket area, and contains zip code 92860.

Norco Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Norco, CA submarket area was $1,632, which is 31.83% higher than 2014 average rent. This represents a compounded annual growth rate of 5.68%. 2019 vacancy in Norco, CA was 3.50%.

The total population of the city of Norco, CA has decreased 1.67% since 2010. As of 2018, the population was 26,610. The median household income of the Norco was $95,441, which is 58.30% higher than the national average.

  • submarket area Riverside County / Corona Submarket
  • avg rent $1,632
  • rent growth 31.83%
  • vacancy 3.50%
  • median income $95,441
  • population (2018) 26,610
  • population growth -1.67%
  • vs. nat'l avg 58.30%
  • zip code 92860

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