Rent, population, and median household income are important factors to consider for a 1031 exchange in Perris due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Perris, California is a part of the Perris Submarket submarket area, and contains 4 zip codes: 92570, 92571, 92599, and 92572.
Perris Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Perris, CA submarket area was $1,435, which is 49.17% lower than 2014 average rent. This represents a compounded annual growth rate of 8.33%. 2019 vacancy in Perris, CA was 6.30%.
The total population of the city of Perris, CA has grown 15.72% since 2010. As of 2018, the population was 79,133. The median household income of the Perris was $59,141, which is 1.91% lower than the national average.
- submarket area Perris Submarket
- avg rent $1,435
- rent growth 49.17%
- vacancy 6.30%
- median income $59,141
- population (2018) 79,133
- population growth 15.72%
- vs. nat'l avg 1.91%
- zip codes 92570 92571 92572 92599