Rent, population, and median household income are important factors to consider for a 1031 exchange in Centennial due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Centennial, Colorado is a part of the Arapahoe County Submarket submarket area.
Centennial Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Centennial, CO submarket area was $1,689, which is 23.37% higher than 2014 average rent. This represents a compounded annual growth rate of 4.29%. 2019 vacancy in Centennial, CO was 4.40%.
The total population of the city of Centennial, CO has grown 10.41% since 2010. As of 2018, the population was 110,831. The median household income of the Centennial was $105,974, which is 75.77% higher than the national average.
- submarket area Arapahoe County Submarket
- avg rent $1,689
- rent growth 23.37%
- vacancy 4.40%
- median income $105,974
- population (2018) 110,831
- population growth 10.41%
- vs. nat'l avg 75.77%
