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1031 Exchange West Covina, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in West Covina due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

West Covina, California is a part of the West Covina/La Puente/Rowland Heights Submarket submarket area, and contains 4 zip codes: 91792, 91791, 91793, and 91790.

West Covina Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the West Covina, CA submarket area was $1,701, which is 24.34% higher than 2014 average rent. This represents a compounded annual growth rate of 4.45%. 2019 vacancy in West Covina, CA was 1.70%.

The total population of the city of West Covina, CA has grown 0.20% since 2010. As of 2018, the population was 106,311. The median household income of the West Covina was $79,140, which is 31.26% higher than the national average.

  • submarket area West Covina / La Puente / Rowland Heights Submarket
  • avg rent $1,701
  • rent growth 24.34%
  • vacancy 1.70%
  • median income $79,140
  • population (2018) 106,311
  • population growth 0.20%
  • vs. nat'l avg 31.26%
  • zip codes 91790 91791 91792 91793

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