Rent, population, and median household income are important factors to consider for a 1031 exchange in Santa Ana due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Santa Ana, California is a part of the North Santa Ana submarket area, and contains 11 zip codes, including: 92702, 92711, 92703, 92799, 92706, and 92735.
Santa Ana Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Santa Ana, CA submarket area was $1,624, which is 20.56% higher than 2014 average rent. This represents a compounded annual growth rate of 3.81%. 2019 vacancy in Santa Ana, CA was 5.00%.
The total population of the city of Santa Ana, CA has grown 2.53% since 2010. As of 2018, the population was 332,725. The median household income of the Santa Ana was $61,774, which is 2.46% higher than the national average.
- submarket area North Santa Ana
- avg rent $1,624
- rent growth 20.56%
- vacancy 5.00%
- median income $61,774
- population (2018) 332,725
- population growth 2.53%
- vs. nat'l avg 2.46%
- zip codes 92701 92702 92703 92704 92705 92706 92707 92711 92712 92735 92799
