Rent, population, and median household income are important factors to consider for a 1031 exchange in Tuscaloosa due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Tuscaloosa, Alabama is a part of the Tuscaloosa, AL metropolitan area area, and contains 9 zip codes, including: 35404, 35486, 35406, 35407, 35401, and 35402.
Tuscaloosa Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Tuscaloosa, AL metropolitan area area was $831, which is 8.91% lower than 2014 average rent. This represents a compounded annual growth rate of 1.72%. 2019 vacancy in Tuscaloosa, AL was 3.00%.
The total population of the city of Tuscaloosa, AL has grown 11.77% since 2010. As of 2018, the population was 101,113. The median household income of the Tuscaloosa was $44,120, which is 26.82% lower than the national average.
- metropolitan area area Tuscaloosa, AL
- avg rent $831
- rent growth 8.91%
- vacancy 3.00%
- median income $44,120
- population (2018) 101,113
- population growth 11.77%
- vs. nat'l avg 26.82%
- zip codes 35401 35402 35403 35404 35405 35406 35407 35486 35487
