1031 Exchange Texarkana, Arkansas

 

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

Surrounding metropolitan area Area

Texarkana, Arkansas is a part of the Texarkana, TX-AR metropolitan area area, and contains 7 zip codes, including: 75507, 75501, 75599, 75504, 75505, and 75503.

Texarkana Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Texarkana, AR metropolitan area area was $693, which is 13.61% lower than 2014 average rent. This represents a compounded annual growth rate of 2.58%. 2019 vacancy in Texarkana, AR was 1.40%.

The total population of the city of Texarkana, AR has grown 0.18% since 2010. As of 2018, the population was 29,972. The median household income of the Texarkana was $38,701, which is 35.81% lower than the national average.

  • metropolitan area area Texarkana, TX-AR
  • avg rent $693
  • rent growth 13.61%
  • vacancy 1.40%
  • median income $38,701
  • population (2018) 29,972
  • population growth 0.18%
  • vs. nat'l avg 35.81%
  • zip codes 71854 75501 75503 75504 75505 75507 75599

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