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