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: 75505, 75503, 75501, 75504, 75507, and 75599.
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