1031 Exchange Paradise Valley, Arizona

 

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

Surrounding submarket Area

Paradise Valley, Arizona is a part of the Paradise Valley Submarket submarket area, and contains zip code 85253.

Paradise Valley Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Paradise Valley, AZ submarket area was $1,017, which is 28.41% higher than 2014 average rent. This represents a compounded annual growth rate of 5.13%. 2019 vacancy in Paradise Valley, AZ was 3.50%.

The total population of the city of Paradise Valley, AZ has grown 13.12% since 2010. As of 2018, the population was 14,502. The median household income of the Paradise Valley was $204,145, which is 238.59% higher than the national average.

  • submarket area Paradise Valley Submarket
  • avg rent $1,017
  • rent growth 28.41%
  • vacancy 3.50%
  • median income $204,145
  • population (2018) 14,502
  • population growth 13.12%
  • vs. nat'l avg 238.59%
  • zip code 85253

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