Rent, population, and median household income are important factors to consider for a 1031 exchange in Wildomar due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Wildomar, California is a part of the Perris Submarket submarket area, and contains zip code 92595.
Wildomar Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Wildomar, CA submarket area was $1,435, which is 49.17% higher than 2014 average rent. This represents a compounded annual growth rate of 8.33%. 2019 vacancy in Wildomar, CA was 6.30%.
The total population of the city of Wildomar, CA has grown 15.86% since 2010. As of 2018, the population was 37,280. The median household income of the Wildomar was $73,282, which is 21.54% higher than the national average.
- submarket area Perris Submarket
- avg rent $1,435
- rent growth 49.17%
- vacancy 6.30%
- median income $73,282
- population (2018) 37,280
- population growth 15.86%
- vs. nat'l avg 21.54%
- zip code 92595