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1031 Exchange Aurora, Colorado

 

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

Surrounding submarket Area

Aurora, Colorado is a part of the Aurora-Central-Southeast Submarket submarket area, and contains 17 zip codes, including: 80019, 80010, 80047, 80044, 80045, and 80041.

Aurora Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Aurora, CO submarket area was $1,194, which is 27.43% higher than 2014 average rent. This represents a compounded annual growth rate of 4.97%. 2019 vacancy in Aurora, CO was 2.30%.

The total population of the city of Aurora, CO has grown 15.08% since 2010. As of 2018, the population was 374,114. The median household income of the Aurora was $62,541, which is 3.73% higher than the national average.

  • submarket area Aurora-Central-Southeast Submarket
  • avg rent $1,194
  • rent growth 27.43%
  • vacancy 2.30%
  • median income $62,541
  • population (2018) 374,114
  • population growth 15.08%
  • vs. nat'l avg 3.73%
  • zip codes 80010 80011 80012 80013 80014 80015 80016 80017 80018 80019 80040 80041 80042 80044 80045 80046 80047

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