1031 Exchange Huntsville, Alabama

 

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

Surrounding metropolitan area Area

Huntsville, Alabama is a part of the Huntsville, AL metropolitan area area, and contains 24 zip codes, including: 35815, 35805, 35806, 35802, 35899, and 35804.

Huntsville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Huntsville, AL metropolitan area area was $791, which is 19.13% lower than 2014 average rent. This represents a compounded annual growth rate of 3.56%. 2019 vacancy in Huntsville, AL was 2.40%.

The total population of the city of Huntsville, AL has grown 9.56% since 2010. As of 2018, the population was 197,318. The median household income of the Huntsville was $53,840, which is 10.70% lower than the national average.

  • metropolitan area area Huntsville, AL
  • avg rent $791
  • rent growth 19.13%
  • vacancy 2.40%
  • median income $53,840
  • population (2018) 197,318
  • population growth 9.56%
  • vs. nat'l avg 10.70%
  • zip codes 35801 35802 35803 35804 35805 35806 35807 35808 35809 35810 35811 35812 35813 35814 35815 35816 35824 35893 35894 35895 35896 35897 35898 35899

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