Rent, population, and median household income are important factors to consider for a 1031 exchange in Fayetteville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Fayetteville, Arkansas is a part of the Fayetteville-Springdale-Rogers, AR metropolitan area, and contains 4 zip codes: 72701, 72704, 72703, and 72702.
Fayetteville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fayetteville, AR metropolitan area was $752, which is 28.33% lower than 2014 average rent. This represents a compounded annual growth rate of 5.11%. 2019 vacancy in Fayetteville, AR was 3.70%.
The total population of the city of Fayetteville, AR has grown 17.90% since 2010. As of 2018, the population was 86,751. The median household income of the Fayetteville was $42,101, which is 30.17% lower than the national average.
- metropolitan area Fayetteville-Springdale-Rogers, AR
- avg rent $752
- rent growth 28.33%
- vacancy 3.70%
- median income $42,101
- population (2018) 86,751
- population growth 17.90%
- vs. nat'l avg 30.17%
- zip codes 72701 72702 72703 72704