1031 Exchange Decatur, Alabama

 

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: 35601, 35603, 35699, 35609, and 35602.

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

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