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1031 Exchange Riverside, California

 

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

Surrounding submarket Area

Riverside, California is a part of the University City/Moreno Valley submarket area, and contains 15 zip codes, including: 92517, 92522, 92502, 92516, 92504, and 92514.

Riverside Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Riverside, CA submarket area was $1,486, which is 34.72% higher than 2014 average rent. This represents a compounded annual growth rate of 6.14%. 2019 vacancy in Riverside, CA was 4.70%.

The total population of the city of Riverside, CA has grown 8.62% since 2010. As of 2018, the population was 330,063. The median household income of the Riverside was $65,313, which is 8.33% higher than the national average.

  • submarket area University City / Moreno Valley
  • avg rent $1,486
  • rent growth 34.72%
  • vacancy 4.70%
  • median income $65,313
  • population (2018) 330,063
  • population growth 8.62%
  • vs. nat'l avg 8.33%
  • zip codes 92501 92502 92503 92504 92505 92506 92507 92508 92513 92514 92516 92517 92519 92521 92522

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