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