Rent, population, and median household income are important factors to consider for a 1031 exchange in Signal Hill due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Signal Hill, California is a part of the West Long Beach/Signal Hill Submarket submarket area, and contains zip code 90755.
Signal Hill Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Signal Hill, CA submarket area was $2,360, which is 48.15% higher than 2014 average rent. This represents a compounded annual growth rate of 8.18%. 2019 vacancy in Signal Hill, CA was 7.00%.
The total population of the city of Signal Hill, CA has grown 4.89% since 2010. As of 2018, the population was 11,555. The median household income of the Signal Hill was $75,684, which is 25.53% higher than the national average.
- submarket area West Long Beach / Signal Hill Submarket
- avg rent $2,360
- rent growth 48.15%
- vacancy 7.00%
- median income $75,684
- population (2018) 11,555
- population growth 4.89%
- vs. nat'l avg 25.53%
- zip code 90755
