Rent, population, and median household income are important factors to consider for a 1031 exchange in Rolling Hills Estates due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Rolling Hills Estates, California is a part of the West Torrance/Ranchos Palos Verdes Submarket submarket area.
Rolling Hills Estates Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Rolling Hills Estates, CA submarket area was $1,917, which is 18.26% higher than 2014 average rent. This represents a compounded annual growth rate of 3.41%. 2019 vacancy in Rolling Hills Estates, CA was 2.10%.
The total population of the city of Rolling Hills Estates, CA has grown 0.92% since 2010. As of 2018, the population was 8,141. The median household income of the Rolling Hills Estates was $143,873, which is 138.62% higher than the national average.
- submarket area West Torrance / Ranchos Palos Verdes Submarket
- avg rent $1,917
- rent growth 18.26%
- vacancy 2.10%
- median income $143,873
- population (2018) 8,141
- population growth 0.92%
- vs. nat'l avg 138.62%