Rent, population, and median household income are important factors to consider for a 1031 exchange in Apache Junction due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Apache Junction, Arizona is a part of the East Mesa Submarket submarket area, and contains 4 zip codes: 85178, 85117, 85120, and 85119.
Apache Junction Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Apache Junction, AZ submarket area was $1,188, which is 41.26% lower than 2014 average rent. This represents a compounded annual growth rate of 7.15%. 2019 vacancy in Apache Junction, AZ was 4.60%.
The total population of the city of Apache Junction, AZ has grown 16.46% since 2010. As of 2018, the population was 41,739. The median household income of the Apache Junction was $42,115, which is -30.15% lower than the national average.
- submarket area East Mesa Submarket
- avg rent $1,188
- rent growth 41.26%
- vacancy 4.60%
- median income $42,115
- population (2018) 41,739
- population growth 16.46%
- vs. nat'l avg -30.15%
- zip codes 85117 85119 85120 85178