Rent, population, and median household income are important factors to consider for a 1031 exchange in Pico Rivera due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pico Rivera, California is a part of the E LA/Alhambra/Montebello/Pico Rivera Submarket submarket area, and contains 3 zip codes: 90662, 90660, and 90661.
Pico Rivera Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pico Rivera, CA submarket area was $1,579, which is 33.36% higher than 2014 average rent. This represents a compounded annual growth rate of 5.93%. 2019 vacancy in Pico Rivera, CA was 2.80%.
The total population of the city of Pico Rivera, CA has decreased 0.09% since 2010. As of 2018, the population was 62,888. The median household income of the Pico Rivera was $65,666, which is 8.91% higher than the national average.
- submarket area E LA / Alhambra / Montebello / Pico Rivera Submarket
- avg rent $1,579
- rent growth 33.36%
- vacancy 2.80%
- median income $65,666
- population (2018) 62,888
- population growth -0.09%
- vs. nat'l avg 8.91%
- zip codes 90660 90661 90662
