1031 Exchange Florence-Muscle Shoals, Alabama

 

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

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