Rent, population, and median household income are important factors to consider for a 1031 exchange in Redlands due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Redlands, California is a part of the Colton/Loma Linda Submarket submarket area, and contains 3 zip codes: 92374, 92373, and 92375.
Redlands Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Redlands, CA submarket area was $1,468, which is 26.66% higher than 2014 average rent. This represents a compounded annual growth rate of 4.84%. 2019 vacancy in Redlands, CA was 2.50%.
The total population of the city of Redlands, CA has grown 4.13% since 2010. As of 2018, the population was 71,586. The median household income of the Redlands was $72,523, which is 20.28% higher than the national average.
- submarket area Colton / Loma Linda Submarket
- avg rent $1,468
- rent growth 26.66%
- vacancy 2.50%
- median income $72,523
- population (2018) 71,586
- population growth 4.13%
- vs. nat'l avg 20.28%
- zip codes 92373 92374 92375