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1031 Exchange Hueytown, Alabama

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Hueytown due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Hueytown, Alabama is a part of the North Birmingham submarket area.

Hueytown Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hueytown, AL submarket area was $715, which is 17.79% lower than 2014 average rent. This represents a compounded annual growth rate of 3.33%. 2019 vacancy in Hueytown, AL was 4.50%.

The total population of the city of Hueytown, AL has decreased 4.50% since 2010. As of 2018, the population was 15,380. The median household income of the Hueytown was $49,705, which is 17.56% lower than the national average.

  • submarket area North Birmingham
  • avg rent $715
  • rent growth 17.79%
  • vacancy 4.50%
  • median income $49,705
  • population (2018) 15,380
  • population growth -4.50%
  • vs. nat'l avg 17.56%

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