Rent, population, and median household income are important factors to consider for a 1031 exchange in San Gabriel due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Gabriel, California is a part of the E LA/Alhambra/Montebello/Pico Rivera Submarket submarket area, and contains 3 zip codes: 91778, 91776, and 91775.
San Gabriel Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Gabriel, CA submarket area was $1,579, which is 33.36% lower than 2014 average rent. This represents a compounded annual growth rate of 5.93%. 2019 vacancy in San Gabriel, CA was 2.80%.
The total population of the city of San Gabriel, CA has grown 1.55% since 2010. As of 2018, the population was 40,335. The median household income of the San Gabriel was $57,863, which is 4.03% lower than the national average.
- submarket area E LA / Alhambra / Montebello / Pico Rivera Submarket
- avg rent $1,579
- rent growth 33.36%
- vacancy 2.80%
- median income $57,863
- population (2018) 40,335
- population growth 1.55%
- vs. nat'l avg 4.03%
- zip codes 91775 91776 91778