1031 Exchange Glendale, Arizona

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Glendale due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Glendale, Arizona is a part of the Glendale South Submarket submarket area, and contains 12 zip codes, including: 85310, 85301, 85307, 85302, 85303, and 85312.

Glendale Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Glendale, AZ submarket area was $906, which is 36.04% lower than 2014 average rent. This represents a compounded annual growth rate of 6.35%. 2019 vacancy in Glendale, AZ was 3.30%.

The total population of the city of Glendale, AZ has grown 10.58% since 2010. As of 2018, the population was 250,702. The median household income of the Glendale was $52,314, which is -13.23% lower than the national average.

  • submarket area Glendale South Submarket
  • avg rent $906
  • rent growth 36.04%
  • vacancy 3.30%
  • median income $52,314
  • population (2018) 250,702
  • population growth 10.58%
  • vs. nat'l avg -13.23%
  • zip codes 85301 85302 85303 85304 85305 85306 85307 85308 85310 85311 85312 85318

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