Los Angeles MSA | CA
Population | 13,052,921 |
Total Housholds | 4,500,951 |
Percentage of Households in Income Band | 47.5% |
Income Qualified Housholds Income Band | 2,139,077 |
Propensity of Renter Occupied Housing In Market Area With Income Brand | 46% |
Existing Competetive Supply | 973,280 |
Under Construction / Proposed Units | 97,328 |
Total Projected Supply | 1,070,608 |
Income qualified Households (Current Demand) | 1,023,791 |
Plus Friction Vacancy @ 10% | 11,079 |
Total potential demand for units in Defined Income Brand | 1,034,870 |
Residual Demand | 35,738 |
Indicated Penetration Rate | 96.7% |
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