Rent, population, and median household income are important factors to consider for a 1031 exchange in Upland due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Upland, California is a part of the Upland Submarket submarket area, and contains 3 zip codes: 91784, 91786, and 91785.
Upland Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Upland, CA submarket area was $1,364, which is 17.99% higher than 2014 average rent. This represents a compounded annual growth rate of 3.36%. 2019 vacancy in Upland, CA was 2.00%.
The total population of the city of Upland, CA has grown 4.43% since 2010. As of 2018, the population was 77,000. The median household income of the Upland was $68,551, which is 13.70% higher than the national average.
- submarket area Upland Submarket
- avg rent $1,364
- rent growth 17.99%
- vacancy 2.00%
- median income $68,551
- population (2018) 77,000
- population growth 4.43%
- vs. nat'l avg 13.70%
- zip codes 91784 91785 91786
