1031 Exchange South Gate, California

 

Surrounding submarket Area

South Gate, California is a part of the South/Central LA Submarket submarket area, and contains zip code 90280.

South Gate Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the South Gate, CA submarket area was $1,250, which is 29.94% lower than 2014 average rent. This represents a compounded annual growth rate of 5.38%. 2019 vacancy in South Gate, CA was 1.30%.

The total population of the city of South Gate, CA has grown 0.05% since 2010. As of 2018, the population was 94,443. The median household income of the South Gate was $50,246, which is 16.66% lower than the national average.

  • submarket area South / Central LA Submarket
  • avg rent $1,250
  • rent growth 29.94%
  • vacancy 1.30%
  • median income $50,246
  • population (2018) 94,443
  • population growth 0.05%
  • vs. nat'l avg 16.66%
  • zip code 90280

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