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1031 Exchange Scottsdale, Arizona

 

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

Surrounding submarket Area

Scottsdale, Arizona is a part of the South Scottsdale Submarket submarket area, and contains 15 zip codes, including: 85258, 85267, 85262, 85259, 85256, and 85251.

Scottsdale Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Scottsdale, AZ submarket area was $1,467, which is 49.69% higher than 2014 average rent. This represents a compounded annual growth rate of 8.40%. 2019 vacancy in Scottsdale, AZ was 5.60%.

The total population of the city of Scottsdale, AZ has grown 17.46% since 2010. As of 2018, the population was 255,310. The median household income of the Scottsdale was $84,601, which is 40.32% higher than the national average.

  • submarket area South Scottsdale Submarket
  • avg rent $1,467
  • rent growth 49.69%
  • vacancy 5.60%
  • median income $84,601
  • population (2018) 255,310
  • population growth 17.46%
  • vs. nat'l avg 40.32%
  • zip codes 85250 85251 85252 85254 85255 85256 85257 85258 85259 85260 85261 85262 85266 85267 85271

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