Rent, population, and median household income are important factors to consider for a 1031 exchange in Santee due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Santee, California is a part of the El Cajon/Santee/Lakeside Submarket submarket area, and contains zip codes 97071 and 97072.
Santee Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Santee, CA submarket area was $1,374, which is 19.58% higher than 2014 average rent. This represents a compounded annual growth rate of 3.64%. 2019 vacancy in Santee, CA was 1.80%.
The total population of the city of Santee, CA has grown 8.80% since 2010. As of 2018, the population was 58,115. The median household income of the Santee was $83,533, which is 38.55% higher than the national average.
- submarket area El Cajon / Santee / Lakeside Submarket
- avg rent $1,374
- rent growth 19.58%
- vacancy 1.80%
- median income $83,533
- population (2018) 58,115
- population growth 8.80%
- vs. nat'l avg 38.55%
- zip codes 97071 97072