1031 Exchange San Fernando, California

 

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

Surrounding submarket Area

San Fernando, California is a part of the Panorama Hills/San Fernando/Pacoima Submarket submarket area, and contains zip codes 91340 and 91341.

San Fernando Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the San Fernando, CA submarket area was $1,430, which is 30.24% lower than 2014 average rent. This represents a compounded annual growth rate of 5.43%. 2019 vacancy in San Fernando, CA was 1.00%.

The total population of the city of San Fernando, CA has grown 3.66% since 2010. As of 2018, the population was 24,510. The median household income of the San Fernando was $53,353, which is 11.51% lower than the national average.

  • submarket area Panorama Hills / San Fernando / Pacoima Submarket
  • avg rent $1,430
  • rent growth 30.24%
  • vacancy 1.00%
  • median income $53,353
  • population (2018) 24,510
  • population growth 3.66%
  • vs. nat'l avg 11.51%
  • zip codes 91340 91341

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