Rent, population, and median household income are important factors to consider for a 1031 exchange in Santa Clarita due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Santa Clarita, California is a part of the Santa Clarita Valley/Canyon Country Submarket submarket area, and contains 5 zip codes: 91382, 91380, 91350, 91383, and 91390.
Santa Clarita Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Santa Clarita, CA submarket area was $1,875, which is 22.63% higher than 2014 average rent. This represents a compounded annual growth rate of 4.16%. 2019 vacancy in Santa Clarita, CA was 4.80%.
The total population of the city of Santa Clarita, CA has grown 11.18% since 2010. As of 2018, the population was 129,488. The median household income of the Santa Clarita was $116,257, which is 92.82% higher than the national average.
- submarket area Santa Clarita Valley / Canyon Country Submarket
- avg rent $1,875
- rent growth 22.63%
- vacancy 4.80%
- median income $116,257
- population (2018) 129,488
- population growth 11.18%
- vs. nat'l avg 92.82%
- zip codes 91350 91380 91382 91383 91390