Rent, population, and median household income are important factors to consider for a 1031 exchange in Ontario due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ontario, California is a part of the North Ontario Submarket submarket area, and contains 4 zip codes: 91758, 91761, 91762, and 91764.
Ontario Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ontario, CA submarket area was $1,546, which is 28.41% higher than 2014 average rent. This represents a compounded annual growth rate of 5.13%. 2019 vacancy in Ontario, CA was 3.80%.
The total population of the city of Ontario, CA has grown 10.48% since 2010. As of 2018, the population was 181,107. The median household income of the Ontario was $61,602, which is 2.17% higher than the national average.
- submarket area North Ontario Submarket
- avg rent $1,546
- rent growth 28.41%
- vacancy 3.80%
- median income $61,602
- population (2018) 181,107
- population growth 10.48%
- vs. nat'l avg 2.17%
- zip codes 91758 91761 91762 91764