Rent, population, and median household income are important factors to consider for a 1031 exchange in Brighton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Brighton, Colorado is a part of the Northglenn/Thornton Submarket submarket area, and contains 3 zip codes: 80601, 80602, and 80603.
Brighton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Brighton, CO submarket area was $1,289, which is 28.90% higher than 2014 average rent. This represents a compounded annual growth rate of 5.21%. 2019 vacancy in Brighton, CO was 5.50%.
The total population of the city of Brighton, CO has grown 23.69% since 2010. As of 2018, the population was 41,254. The median household income of the Brighton was $72,185, which is 19.72% higher than the national average.
- submarket area Northglenn / Thornton Submarket
- avg rent $1,289
- rent growth 28.90%
- vacancy 5.50%
- median income $72,185
- population (2018) 41,254
- population growth 23.69%
- vs. nat'l avg 19.72%
- zip codes 80601 80602 80603