Rent, population, and median household income are important factors to consider for a 1031 exchange in Placentia due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Placentia, California is a part of the Northeast Anaheim Submarket submarket area, and contains zip codes 92870 and 92871.
Placentia Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Placentia, CA submarket area was $1,637, which is 19.58% higher than 2014 average rent. This represents a compounded annual growth rate of 3.64%. 2019 vacancy in Placentia, CA was 2.30%.
The total population of the city of Placentia, CA has grown 2.25% since 2010. As of 2018, the population was 51,671. The median household income of the Placentia was $89,690, which is 48.76% higher than the national average.
- submarket area Northeast Anaheim Submarket
- avg rent $1,637
- rent growth 19.58%
- vacancy 2.30%
- median income $89,690
- population (2018) 51,671
- population growth 2.25%
- vs. nat'l avg 48.76%
- zip codes 92870 92871