1031 Exchange Center Point, Alabama

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Center Point due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Center Point, Alabama is a part of the North Birmingham submarket area.

Center Point Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Center Point, AL submarket area was $715, which is 17.79% lower than 2014 average rent. This represents a compounded annual growth rate of 3.33%. 2019 vacancy in Center Point, AL was 4.50%.

The total population of the city of Center Point, AL has decreased 4.13% since 2010. As of 2018, the population was 16,222. The median household income of the Center Point was $43,635, which is 27.63% lower than the national average.

  • submarket area North Birmingham
  • avg rent $715
  • rent growth 17.79%
  • vacancy 4.50%
  • median income $43,635
  • population (2018) 16,222
  • population growth -4.13%
  • vs. nat'l avg 27.63%

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