Rent, population, and median household income are important factors to consider for a 1031 exchange in Helena due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Helena, Alabama is a part of the North Birmingham submarket area, and contains zip code 35080.
Helena Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Helena, AL submarket area was $1,020, which is 17.65% higher than 2014 average rent. This represents a compounded annual growth rate of 3.30%. 2019 vacancy in Helena, AL was 4.90%.
The total population of the city of Helena, AL has grown 16.29% since 2010. As of 2018, the population was 19,529. The median household income of the Helena was $86,906, which is 44.14% higher than the national average.
- submarket area North Birmingham
- avg rent $1,020
- rent growth 17.65%
- vacancy 4.90%
- median income $86,906
- population (2018) 19,529
- population growth 16.29%
- vs. nat'l avg 44.14%
- zip code 35080