Rent, population, and median household income are important factors to consider for a 1031 exchange in Rancho Santa Margarita due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Rancho Santa Margarita, California is a part of the Mission Viejo Submarket submarket area, and contains zip code 92688.
Rancho Santa Margarita Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Rancho Santa Margarita, CA submarket area was $1,998, which is 14.63% higher than 2014 average rent. This represents a compounded annual growth rate of 2.77%. 2019 vacancy in Rancho Santa Margarita, CA was 3.80%.
The total population of the city of Rancho Santa Margarita, CA has grown 0.99% since 2010. As of 2018, the population was 48,325. The median household income of the Rancho Santa Margarita was $115,073, which is 90.86% higher than the national average.
- submarket area Mission Viejo Submarket
- avg rent $1,998
- rent growth 14.63%
- vacancy 3.80%
- median income $115,073
- population (2018) 48,325
- population growth 0.99%
- vs. nat'l avg 90.86%
- zip code 92688