vi

1031 Exchange Pasadena, California

 

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

Surrounding submarket Area

Pasadena, California is a part of the Pasadena Submarket submarket area, and contains 25 zip codes, including: 91103, 91106, 91123, 91117, 91184, and 91182.

Pasadena Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pasadena, CA submarket area was $2,106, which is 24.54% higher than 2014 average rent. This represents a compounded annual growth rate of 4.49%. 2019 vacancy in Pasadena, CA was 5.40%.

The total population of the city of Pasadena, CA has grown 3.10% since 2010. As of 2018, the population was 141,371. The median household income of the Pasadena was $78,941, which is 30.93% higher than the national average.

  • submarket area Pasadena Submarket
  • avg rent $2,106
  • rent growth 24.54%
  • vacancy 5.40%
  • median income $78,941
  • population (2018) 141,371
  • population growth 3.10%
  • vs. nat'l avg 30.93%
  • zip codes 91101 91102 91103 91104 91105 91106 91107 91109 91110 91114 91115 91116 91117 91121 91123 91124 91125 91126 91129 91182 91184 91185 91188 91189 91199

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities