Rent, population, and median household income are important factors to consider for a 1031 exchange in Sierra Madre due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Sierra Madre, California is a part of the Arcadia/Duarte/El Monte Submarket submarket area, and contains zip codes 91024 and 91025.
Sierra Madre Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Sierra Madre, CA submarket area was $1,634, which is 36.17% higher than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in Sierra Madre, CA was 4.40%.
The total population of the city of Sierra Madre, CA has grown 0.00% since 2010. As of 2018, the population was 10,917. The median household income of the Sierra Madre was $96,630, which is 60.27% higher than the national average.
- submarket area Arcadia / Duarte / El Monte Submarket
- avg rent $1,634
- rent growth 36.17%
- vacancy 4.40%
- median income $96,630
- population (2018) 10,917
- population growth 0.00%
- vs. nat'l avg 60.27%
- zip codes 91024 91025
