Rent, population, and median household income are important factors to consider for a 1031 exchange in Castle Rock due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Castle Rock, Colorado is a part of the Douglas County Submarket submarket area, and contains 3 zip codes: 80104, 80109, and 80108.
Castle Rock Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Castle Rock, CO submarket area was $1,553, which is 19.28% higher than 2014 average rent. This represents a compounded annual growth rate of 3.59%. 2019 vacancy in Castle Rock, CO was 8.30%.
The total population of the city of Castle Rock, CO has grown 34.41% since 2010. As of 2018, the population was 64,827. The median household income of the Castle Rock was $104,642, which is 73.56% higher than the national average.
- submarket area Douglas County Submarket
- avg rent $1,553
- rent growth 19.28%
- vacancy 8.30%
- median income $104,642
- population (2018) 64,827
- population growth 34.41%
- vs. nat'l avg 73.56%
- zip codes 80104 80108 80109