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1031 Exchange Pico Rivera, California

 

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: 90660, 90662, 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

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