Rent, population, and median household income are important factors to consider for a 1031 exchange in Mountain Brook due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mountain Brook, Alabama is a part of the Central Birmingham submarket area.
Mountain Brook Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mountain Brook, AL submarket area was $951, which is 30.10% higher than 2014 average rent. This represents a compounded annual growth rate of 5.40%. 2019 vacancy in Mountain Brook, AL was 5.70%.
The total population of the city of Mountain Brook, AL has decreased 0.52% since 2010. As of 2018, the population was 20,306. The median household income of the Mountain Brook was $143,221, which is 137.54% higher than the national average.
- submarket area Central Birmingham
- avg rent $951
- rent growth 30.10%
- vacancy 5.70%
- median income $143,221
- population (2018) 20,306
- population growth -0.52%
- vs. nat'l avg 137.54%