Rent, population, and median household income are important factors to consider for a 1031 exchange in Villa Park due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Villa Park, California is a part of the Orange Submarket submarket area, and contains zip code 92861.
Villa Park Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Villa Park, CA submarket area was $1,987, which is 14.59% higher than 2014 average rent. This represents a compounded annual growth rate of 2.76%. 2019 vacancy in Villa Park, CA was 2.40%.
The total population of the city of Villa Park, CA has grown 0.46% since 2010. As of 2018, the population was 5,839. The median household income of the Villa Park was $145,250, which is 140.91% higher than the national average.
- submarket area Orange Submarket
- avg rent $1,987
- rent growth 14.59%
- vacancy 2.40%
- median income $145,250
- population (2018) 5,839
- population growth 0.46%
- vs. nat'l avg 140.91%
- zip code 92861