vi

1031 Exchange Westlake Village, California

 

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

Surrounding submarket Area

Westlake Village, California is a part of the Thousand Oaks Submarket submarket area, and contains zip codes 91359 and 91361.

Westlake Village Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Westlake Village, CA submarket area was $1,926, which is 16.16% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Westlake Village, CA was 3.10%.

The total population of the city of Westlake Village, CA has grown 0.99% since 2010. As of 2018, the population was 8,352. The median household income of the Westlake Village was $141,979, which is 135.48% higher than the national average.

  • submarket area Thousand Oaks Submarket
  • avg rent $1,926
  • rent growth 16.16%
  • vacancy 3.10%
  • median income $141,979
  • population (2018) 8,352
  • population growth 0.99%
  • vs. nat'l avg 135.48%
  • zip codes 91359 91361

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities