Rent, population, and median household income are important factors to consider for a 1031 exchange in Victorville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Victorville, California is a part of the Victorville Submarket submarket area, and contains 4 zip codes: 92394, 92392, 92395, and 92393.
Victorville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Victorville, CA submarket area was $1,091, which is 38.45% lower than 2014 average rent. This represents a compounded annual growth rate of 6.72%. 2019 vacancy in Victorville, CA was 3.20%.
The total population of the city of Victorville, CA has grown 5.53% since 2010. As of 2018, the population was 122,312. The median household income of the Victorville was $50,691, which is 15.93% lower than the national average.
- submarket area Victorville Submarket
- avg rent $1,091
- rent growth 38.45%
- vacancy 3.20%
- median income $50,691
- population (2018) 122,312
- population growth 5.53%
- vs. nat'l avg 15.93%
- zip codes 92392 92393 92394 92395
