Surrounding Submarket Area
Commerce, California is a part of the E LA/Alhambra/Montebello/Pico Rivera Submarket submarket area.
Commerce Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Commerce, CA submarket area was $1,579, which is 33.36% lower than 2014 average rent. This represents a compounded annual growth rate of 5.93%. 2019 vacancy in Commerce, CA was 2.80%.
The total population of the city of Commerce, CA has decreased 0.12% since 2010. As of 2018, the population was 12,808. The median household income of the Commerce was $47,083, which is 21.91% lower than the national average.
Vs. Nat’l Avg
E LA / Alhambra / Montebello / Pico Rivera Submarket
Submarket Area E LA / Alhambra / Montebello / Pico Rivera Submarket
Avg Rent $1,579
Rent Growth 33.36%
Median Income $47,083
Population (2018) 12,808
Population Growth -0.12%
Vs. Nat’l Avg 21.91%