Rent, population, and median household income are important factors to consider for a 1031 exchange in West Hollywood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
West Hollywood, California is a part of the Beverly Hills/W Hollywood/Park La Brea Submarket submarket area, and contains zip code 90069.
West Hollywood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the West Hollywood, CA submarket area was $2,813, which is 34.72% higher than 2014 average rent. This represents a compounded annual growth rate of 6.14%. 2019 vacancy in West Hollywood, CA was 2.80%.
The total population of the city of West Hollywood, CA has grown 7.14% since 2010. As of 2018, the population was 36,854. The median household income of the West Hollywood was $69,249, which is 14.85% higher than the national average.
- submarket area Beverly Hills / W Hollywood / Park La Brea Submarket
- avg rent $2,813
- rent growth 34.72%
- vacancy 2.80%
- median income $69,249
- population (2018) 36,854
- population growth 7.14%
- vs. nat'l avg 14.85%
- zip code 90069