1031 Exchange Queen Creek, Arizona

 

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

Surrounding submarket Area

Queen Creek, Arizona is a part of the Chandler/Gilbert Submarket submarket area, and contains zip code 85142.

Queen Creek Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Queen Creek, AZ submarket area was $1,383, which is 40.55% higher than 2014 average rent. This represents a compounded annual growth rate of 7.04%. 2019 vacancy in Queen Creek, AZ was 5.60%.

The total population of the city of Queen Creek, AZ has grown 59.60% since 2010. As of 2018, the population was 42,503. The median household income of the Queen Creek was $98,214, which is 62.89% higher than the national average.

  • submarket area Chandler / Gilbert Submarket
  • avg rent $1,383
  • rent growth 40.55%
  • vacancy 5.60%
  • median income $98,214
  • population (2018) 42,503
  • population growth 59.60%
  • vs. nat'l avg 62.89%
  • zip code 85142

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