Rent, population, and median household income are important factors to consider for a 1031 exchange in Tustin due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Tustin, California is a part of the Tustin Submarket submarket area, and contains 3 zip codes: 92781, 92780, and 92782.
Tustin Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Tustin, CA submarket area was $2,034, which is 31.23% higher than 2014 average rent. This represents a compounded annual growth rate of 5.59%. 2019 vacancy in Tustin, CA was 2.10%.
The total population of the city of Tustin, CA has grown 5.63% since 2010. As of 2018, the population was 79,795. The median household income of the Tustin was $79,339, which is 31.59% higher than the national average.
- submarket area Tustin Submarket
- avg rent $2,034
- rent growth 31.23%
- vacancy 2.10%
- median income $79,339
- population (2018) 79,795
- population growth 5.63%
- vs. nat'l avg 31.59%
- zip codes 92780 92781 92782