Rent, population, and median household income are important factors to consider for a 1031 exchange in Whittier due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Whittier, California is a part of the Whittier Submarket submarket area, and contains 10 zip codes, including: 90605, 90606, 90603, 90610, 90601, and 90609.
Whittier Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Whittier, CA submarket area was $1,415, which is 17.23% higher than 2014 average rent. This represents a compounded annual growth rate of 3.23%. 2019 vacancy in Whittier, CA was 2.30%.
The total population of the city of Whittier, CA has decreased 0.31% since 2010. As of 2018, the population was 85,064. The median household income of the Whittier was $73,517, which is 21.93% higher than the national average.
- submarket area Whittier Submarket
- avg rent $1,415
- rent growth 17.23%
- vacancy 2.30%
- median income $73,517
- population (2018) 85,064
- population growth -0.31%
- vs. nat'l avg 21.93%
- zip codes 90601 90602 90603 90604 90605 90606 90607 90608 90609 90610
