Rent, population, and median household income are important factors to consider for a 1031 exchange in Port Hueneme due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Port Hueneme, California is a part of the Oxnard Submarket submarket area, and contains zip codes 93041 and 93044.
Port Hueneme Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Port Hueneme, CA submarket area was $1,773, which is 26.37% higher than 2014 average rent. This represents a compounded annual growth rate of 4.79%. 2019 vacancy in Port Hueneme, CA was 2.50%.
The total population of the city of Port Hueneme, CA has grown 2.07% since 2010. As of 2018, the population was 22,173. The median household income of the Port Hueneme was $65,243, which is 8.21% higher than the national average.
- submarket area Oxnard Submarket
- avg rent $1,773
- rent growth 26.37%
- vacancy 2.50%
- median income $65,243
- population (2018) 22,173
- population growth 2.07%
- vs. nat'l avg 8.21%
- zip codes 93041 93044