1031 Exchange Paramount, California

 

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

Surrounding submarket Area

Paramount, California is a part of the Paramount/Downey/Bellflower/Norwalk Submarket submarket area, and contains zip code 90723.

Paramount Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Paramount, CA submarket area was $1,546, which is 21.64% lower than 2014 average rent. This represents a compounded annual growth rate of 4.00%. 2019 vacancy in Paramount, CA was 1.50%.

The total population of the city of Paramount, CA has grown 0.53% since 2010. As of 2018, the population was 54,387. The median household income of the Paramount was $53,031, which is 12.04% lower than the national average.

  • submarket area Paramount / Downey / Bellflower / Norwalk Submarket
  • avg rent $1,546
  • rent growth 21.64%
  • vacancy 1.50%
  • median income $53,031
  • population (2018) 54,387
  • population growth 0.53%
  • vs. nat'l avg 12.04%
  • zip code 90723

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities