Rent, population, and median household income are important factors to consider for a 1031 exchange in Decatur due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Decatur, Alabama is a part of the Decatur, AL metropolitan area area, and contains 5 zip codes: 35609, 35699, 35603, 35602, and 35601.
Decatur Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Decatur, AL metropolitan area area was $505, which is 8.84% lower than 2014 average rent. This represents a compounded annual growth rate of 1.71%. 2019 vacancy in Decatur, AL was 2.20%.
The total population of the city of Decatur, AL has decreased 2.55% since 2010. As of 2018, the population was 54,264. The median household income of the Decatur was $45,048, which is 25.28% lower than the national average.
- metropolitan area area Decatur, AL
- avg rent $505
- rent growth 8.84%
- vacancy 2.20%
- median income $45,048
- population (2018) 54,264
- population growth -2.55%
- vs. nat'l avg 25.28%
- zip codes 35601 35602 35603 35609 35699