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