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: 85302, 85301, 85312, 85303, 85311, and 85310.
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
