Rent, population, and median household income are important factors to consider for a 1031 exchange in Simi Valley due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Simi Valley, California is a part of the Simi Valley/Moorpark Submarket submarket area, and contains 5 zip codes: 93094, 93065, 93063, 93062, and 93099.
Simi Valley Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Simi Valley, CA submarket area was $1,835, which is 15.41% higher than 2014 average rent. This represents a compounded annual growth rate of 2.91%. 2019 vacancy in Simi Valley, CA was 3.00%.
The total population of the city of Simi Valley, CA has grown 1.30% since 2010. As of 2018, the population was 125,851. The median household income of the Simi Valley was $95,543, which is 58.46% higher than the national average.
- submarket area Simi Valley / Moorpark Submarket
- avg rent $1,835
- rent growth 15.41%
- vacancy 3.00%
- median income $95,543
- population (2018) 125,851
- population growth 1.30%
- vs. nat'l avg 58.46%
- zip codes 93062 93063 93065 93094 93099