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1031 Exchange Redlands, California

 

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

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