Rent, population, and median household income are important factors to consider for a 1031 exchange in Irondale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Irondale, Alabama is a part of the East Birmingham submarket area.
Irondale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Irondale, AL submarket area was $1,032, which is 13.28% lower than 2014 average rent. This represents a compounded annual growth rate of 2.53%. 2019 vacancy in Irondale, AL was 5.20%.
The total population of the city of Irondale, AL has grown 1.67% since 2010. As of 2018, the population was 12,555. The median household income of the Irondale was $52,007, which is 13.74% lower than the national average.
- submarket area East Birmingham
- avg rent $1,032
- rent growth 13.28%
- vacancy 5.20%
- median income $52,007
- population (2018) 12,555
- population growth 1.67%
- vs. nat'l avg 13.74%