Rent, population, and median household income are important factors to consider for a 1031 exchange in Florence-Muscle Shoals due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Florence-Muscle Shoals, Alabama is a part of the Florence-Muscle Shoals, AL metropolitan area area, and contains zip codes 35661 and 35662.
Florence-Muscle Shoals Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Florence-Muscle Shoals, AL metropolitan area area was $518, which is 5.93% lower than 2014 average rent. This represents a compounded annual growth rate of 1.16%. 2019 vacancy in Florence-Muscle Shoals, AL was 1.50%.
The total population of the city of Florence-Muscle Shoals, AL has grown 2.82% since 2010. As of 2018, the population was 40,428. The median household income of the Florence-Muscle Shoals was $38,902, which is 35.48% lower than the national average.
- metropolitan area area Florence-Muscle Shoals, AL
- avg rent $518
- rent growth 5.93%
- vacancy 1.50%
- median income $38,902
- population (2018) 40,428
- population growth 2.82%
- vs. nat'l avg 35.48%
- zip codes 35661 35662