Rent, population, and median household income are important factors to consider for a 1031 exchange in San Jacinto due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
San Jacinto, California is a part of the Hemet Submarket Submarket submarket area, and contains 3 zip codes: 92582, 92581, and 92583.
San Jacinto Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the San Jacinto, CA submarket area was $1,194, which is 46.68% lower than 2014 average rent. This represents a compounded annual growth rate of 7.96%. 2019 vacancy in San Jacinto, CA was 2.90%.
The total population of the city of San Jacinto, CA has grown 10.56% since 2010. As of 2018, the population was 48,867. The median household income of the San Jacinto was $50,483, which is 16.27% lower than the national average.
- submarket area Hemet Submarket Submarket
- avg rent $1,194
- rent growth 46.68%
- vacancy 2.90%
- median income $50,483
- population (2018) 48,867
- population growth 10.56%
- vs. nat'l avg 16.27%
- zip codes 92581 92582 92583