1031 Exchange Fayetteville, Arkansas

 

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

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