Rent, population, and median household income are important factors to consider for a 1031 exchange in Auburn due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Auburn, Alabama is a part of the Auburn-Opelika, AL metropolitan area area, and contains 3 zip codes: 36830, 36831, and 36832.
Auburn Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Auburn, AL metropolitan area area was $807, which is 14.79% lower than 2014 average rent. This represents a compounded annual growth rate of 2.80%. 2019 vacancy in Auburn, AL was 2.50%.
The total population of the city of Auburn, AL has grown 23.15% since 2010. As of 2018, the population was 65,738. The median household income of the Auburn was $44,654, which is 25.94% lower than the national average.
- metropolitan area area Auburn-Opelika, AL
- avg rent $807
- rent growth 14.79%
- vacancy 2.50%
- median income $44,654
- population (2018) 65,738
- population growth 23.15%
- vs. nat'l avg 25.94%
- zip codes 36830 36831 36832