Rent, population, and median household income are important factors to consider for a 1031 exchange in Temecula due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Temecula, California is a part of the Southwest Riverside County submarket area, and contains 5 zip codes: 92593, 92591, 92589, 92592, and 92590.
Temecula Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Temecula, CA submarket area was $1,551, which is 20.23% higher than 2014 average rent. This represents a compounded annual growth rate of 3.75%. 2019 vacancy in Temecula, CA was 3.60%.
The total population of the city of Temecula, CA has grown 14.63% since 2010. As of 2018, the population was 114,742. The median household income of the Temecula was $90,064, which is 49.38% higher than the national average.
- submarket area Southwest Riverside County
- avg rent $1,551
- rent growth 20.23%
- vacancy 3.60%
- median income $90,064
- population (2018) 114,742
- population growth 14.63%
- vs. nat'l avg 49.38%
- zip codes 92589 92590 92591 92592 92593
