1031 Exchange Rancho Mirage, California


Rent, population, and median household income are important factors to consider for a 1031 exchange in Rancho Mirage due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Rancho Mirage, California is a part of the Palm Springs/Palm Desert Submarket submarket area, and contains zip code 92270.

Rancho Mirage Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Rancho Mirage, CA submarket area was $1,165, which is 19.86% higher than 2014 average rent. This represents a compounded annual growth rate of 3.69%. 2019 vacancy in Rancho Mirage, CA was 2.50%.

The total population of the city of Rancho Mirage, CA has grown 6.49% since 2010. As of 2018, the population was 18,336. The median household income of the Rancho Mirage was $71,227, which is 18.13% higher than the national average.

  • submarket area Palm Springs / Palm Desert Submarket
  • avg rent $1,165
  • rent growth 19.86%
  • vacancy 2.50%
  • median income $71,227
  • population (2018) 18,336
  • population growth 6.49%
  • vs. nat'l avg 18.13%
  • zip code 92270

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