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