Rent, population, and median household income are important factors to consider for a 1031 exchange in Poway due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Poway, California is a part of the Mira Mesa/Rancho Bernardo Submarket submarket area, and contains zip codes 92064 and 92074.
Poway Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Poway, CA submarket area was $2,261, which is 27.31% higher than 2014 average rent. This represents a compounded annual growth rate of 4.95%. 2019 vacancy in Poway, CA was 3.80%.
The total population of the city of Poway, CA has grown 3.96% since 2010. As of 2018, the population was 49,704. The median household income of the Poway was $105,732, which is 75.36% higher than the national average.
- submarket area Mira Mesa / Rancho Bernardo Submarket
- avg rent $2,261
- rent growth 27.31%
- vacancy 3.80%
- median income $105,732
- population (2018) 49,704
- population growth 3.96%
- vs. nat'l avg 75.36%
- zip codes 92064 92074
