Rent, population, and median household income are important factors to consider for a 1031 exchange in Temple City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Temple City, California is a part of the Arcadia/Duarte/El Monte Submarket submarket area, and contains zip code 91780.
Temple City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Temple City, CA submarket area was $1,634, which is 36.17% higher than 2014 average rent. This represents a compounded annual growth rate of 6.37%. 2019 vacancy in Temple City, CA was 4.40%.
The total population of the city of Temple City, CA has grown 1.58% since 2010. As of 2018, the population was 36,120. The median household income of the Temple City was $70,984, which is 17.73% higher than the national average.
- submarket area Arcadia / Duarte / El Monte Submarket
- avg rent $1,634
- rent growth 36.17%
- vacancy 4.40%
- median income $70,984
- population (2018) 36,120
- population growth 1.58%
- vs. nat'l avg 17.73%
- zip code 91780