Rent, population, and median household income are important factors to consider for a 1031 exchange in Commerce City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Commerce City, Colorado is a part of the Denver-Northeast Submarket submarket area, and contains zip codes 80022 and 80037.
Commerce City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Commerce City, CO submarket area was $1,415, which is 30.78% higher than 2014 average rent. This represents a compounded annual growth rate of 5.51%. 2019 vacancy in Commerce City, CO was 4.80%.
The total population of the city of Commerce City, CO has grown 27.30% since 2010. As of 2018, the population was 58,449. The median household income of the Commerce City was $71,621, which is 18.79% higher than the national average.
- submarket area Denver-Northeast Submarket
- avg rent $1,415
- rent growth 30.78%
- vacancy 4.80%
- median income $71,621
- population (2018) 58,449
- population growth 27.30%
- vs. nat'l avg 18.79%
- zip codes 80022 80037