1031 Exchange South El Monte, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in South El Monte due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

South El Monte, California is a part of the Arcadia/Duarte/El Monte Submarket submarket area, and contains zip code 91733.

South El Monte Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the South El Monte, CA submarket area was $1,634, which is 36.17% lower than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in South El Monte, CA was 4.40%.

The total population of the city of South El Monte, CA has grown 3.24% since 2010. As of 2018, the population was 20,767. The median household income of the South El Monte was $48,944, which is 18.82% lower than the national average.

  • submarket area Arcadia / Duarte / El Monte Submarket
  • avg rent $1,634
  • rent growth 36.17%
  • vacancy 4.40%
  • median income $48,944
  • population (2018) 20,767
  • population growth 3.24%
  • vs. nat'l avg 18.82%
  • zip code 91733

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