1031 Exchange Cherry Hills Village, Colorado

 

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

Surrounding submarket Area

Cherry Hills Village, Colorado is a part of the Arapahoe County Submarket submarket area.

Cherry Hills Village Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Cherry Hills Village, 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 Cherry Hills Village, CO was 4.40%.

The total population of the city of Cherry Hills Village, CO has grown 11.07% since 2010. As of 2018, the population was 6,650. The median household income of the Cherry Hills Village was $250,000, which is 314.64% higher than the national average.

  • submarket area Arapahoe County Submarket
  • avg rent $1,689
  • rent growth 23.37%
  • vacancy 4.40%
  • median income $250,000
  • population (2018) 6,650
  • population growth 11.07%
  • vs. nat'l avg 314.64%

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