Rent, population, and median household income are important factors to consider for a 1031 exchange in Trussville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Trussville, Alabama is a part of the East Birmingham submarket area, and contains zip code 35173.
Trussville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Trussville, 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 Trussville, AL was 5.20%.
The total population of the city of Trussville, AL has grown 11.95% since 2010. As of 2018, the population was 22,314. The median household income of the Trussville was $88,371, which is 46.57% higher than the national average.
- submarket area East Birmingham
- avg rent $1,032
- rent growth 13.28%
- vacancy 5.20%
- median income $88,371
- population (2018) 22,314
- population growth 11.95%
- vs. nat'l avg 46.57%
- zip code 35173