Rent, population, and median household income are important factors to consider for a 1031 exchange in Orange due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Orange, California is a part of the Orange Submarket submarket area, and contains 11 zip codes, including: 92869, 92862, 92866, 92856, 92868, and 92864.
Orange Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Orange, CA submarket area was $1,987, which is 14.59% higher than 2014 average rent. This represents a compounded annual growth rate of 2.76%. 2019 vacancy in Orange, CA was 2.40%.
The total population of the city of Orange, CA has grown 2.25% since 2010. As of 2018, the population was 139,484. The median household income of the Orange was $86,027, which is 42.68% higher than the national average.
- submarket area Orange Submarket
- avg rent $1,987
- rent growth 14.59%
- vacancy 2.40%
- median income $86,027
- population (2018) 139,484
- population growth 2.25%
- vs. nat'l avg 42.68%
- zip codes 92856 92857 92859 92862 92863 92864 92865 92866 92867 92868 92869
