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1031 Exchange Moody, Alabama

 

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

Surrounding submarket Area

Moody, Alabama is a part of the East Birmingham submarket area, and contains zip code 35004.

Moody Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Moody, AL submarket area was $1,032, which is 13.28% higher than 2014 average rent. This represents a compounded annual growth rate of 2.53%. 2019 vacancy in Moody, AL was 5.20%.

The total population of the city of Moody, AL has grown 2.79% since 2010. As of 2018, the population was 12,053. The median household income of the Moody was $62,611, which is 3.84% higher than the national average.

  • submarket area East Birmingham
  • avg rent $1,032
  • rent growth 13.28%
  • vacancy 5.20%
  • median income $62,611
  • population (2018) 12,053
  • population growth 2.79%
  • vs. nat'l avg 3.84%
  • zip code 35004

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