1031 Exchange Victorville, California

 

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

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