1031 Exchange Rancho Santa Margarita, California

 

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

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