1031 Exchange Montgomery, Alabama

 

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

Surrounding metropolitan Area

Montgomery, Alabama is a part of the Montgomery, AL metropolitan area, and contains 33 zip codes, including: 36132, 36177, 36140, 36101, 36106, and 36141.

Montgomery Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Montgomery, AL metropolitan area was $803, which is 8.96% lower than 2014 average rent. This represents a compounded annual growth rate of 1.73%. 2019 vacancy in Montgomery, AL was 3.90%.

The total population of the city of Montgomery, AL has decreased 3.67% since 2010. As of 2018, the population was 198,218. The median household income of the Montgomery was $45,921, which is 23.84% lower than the national average.

  • metropolitan area Montgomery, AL
  • avg rent $803
  • rent growth 8.96%
  • vacancy 3.90%
  • median income $45,921
  • population (2018) 198,218
  • population growth -3.67%
  • vs. nat'l avg 23.84%
  • zip codes 36101 36102 36103 36104 36105 36106 36107 36108 36109 36110 36111 36112 36113 36114 36115 36116 36117 36118 36119 36120 36121 36123 36124 36125 36130 36131 36132 36135 36140 36141 36142 36177 36191

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