Rent, population, and median household income are important factors to consider for a 1031 exchange in Arvada due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Arvada, Colorado is a part of the Arvada/Broomfield Submarket submarket area, and contains 7 zip codes, including: 80001, 80005, 80003, 80004, 80002, and 80006.
Arvada Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Arvada, CO submarket area was $1,473, which is 36.26% higher than 2014 average rent. This represents a compounded annual growth rate of 6.38%. 2019 vacancy in Arvada, CO was 5.90%.
The total population of the city of Arvada, CO has grown 13.21% since 2010. As of 2018, the population was 120,492. The median household income of the Arvada was $80,555, which is 33.61% higher than the national average.
- submarket area Arvada / Broomfield Submarket
- avg rent $1,473
- rent growth 36.26%
- vacancy 5.90%
- median income $80,555
- population (2018) 120,492
- population growth 13.21%
- vs. nat'l avg 33.61%
- zip codes 80001 80002 80003 80004 80005 80006 80007
