Rent, population, and median household income are important factors to consider for a 1031 exchange in Pomona due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pomona, California is a part of the Claremont/Pomona/La Verne Submarket submarket area, and contains 4 zip codes: 91769, 91766, 91767, and 91768.
Pomona Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pomona, CA submarket area was $1,664, which is 19.37% lower than 2014 average rent. This represents a compounded annual growth rate of 3.60%. 2019 vacancy in Pomona, CA was 3.10%.
The total population of the city of Pomona, CA has grown 2.22% since 2010. As of 2018, the population was 152,361. The median household income of the Pomona was $55,115, which is 8.59% lower than the national average.
- submarket area Claremont / Pomona / La Verne Submarket
- avg rent $1,664
- rent growth 19.37%
- vacancy 3.10%
- median income $55,115
- population (2018) 152,361
- population growth 2.22%
- vs. nat'l avg 8.59%
- zip codes 91766 91767 91768 91769