1031 Exchange Tucson, Arizona

 

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

Surrounding metropolitan Area

Tucson, Arizona is a part of the Tucson, AZ metropolitan area, and contains 53 zip codes, including: 85708, 85723, 85731, 85748, 85707, and 85702.

Tucson Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Tucson, AZ metropolitan area was $794, which is 17.80% lower than 2014 average rent. This represents a compounded annual growth rate of 3.33%. 2019 vacancy in Tucson, AZ was 4.20%.

The total population of the city of Tucson, AZ has grown 4.97% since 2010. As of 2018, the population was 545,975. The median household income of the Tucson was $41,625, which is -30.96% lower than the national average.

  • metropolitan area Tucson, AZ
  • avg rent $794
  • rent growth 17.80%
  • vacancy 4.20%
  • median income $41,625
  • population (2018) 545,975
  • population growth 4.97%
  • vs. nat'l avg -30.96%
  • zip codes 85701 85702 85703 85704 85705 85706 85707 85708 85709 85710 85711 85712 85713 85714 85715 85716 85717 85718 85719 85720 85721 85722 85723 85724 85725 85726 85728 85730 85731 85732 85733 85734 85735 85736 85737 85739 85740 85741 85742 85743 85744 85745 85746 85747 85748 85749 85750 85751 85752 85754 85755 85756 85757

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