1031 Exchange Denver, Colorado

 

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

Surrounding metropolitan Area

Denver, Colorado is a part of the Denver-Aurora-Lakewood, CO metropolitan area, and contains 65 zip codes, including: 80236, 80202, 80221, 80263, 80234, and 80220.

Denver Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Denver, CO metropolitan area was $1,404, which is 39.15% higher than 2014 average rent. This represents a compounded annual growth rate of 6.83%. 2019 vacancy in Denver, CO was 6.50%.

The total population of the city of Denver, CO has grown 19.38% since 2010. As of 2018, the population was 716,492. The median household income of the Denver was $63,793, which is 5.80% higher than the national average.

  • metropolitan area Denver-Aurora-Lakewood, CO
  • avg rent $1,404
  • rent growth 39.15%
  • vacancy 6.50%
  • median income $63,793
  • population (2018) 716,492
  • population growth 19.38%
  • vs. nat'l avg 5.80%
  • zip codes 80201 80202 80203 80204 80205 80206 80207 80208 80209 80210 80211 80212 80214 80215 80216 80217 80218 80219 80220 80221 80222 80223 80224 80225 80226 80227 80228 80229 80230 80231 80232 80233 80234 80235 80236 80237 80238 80239 80243 80244 80246 80247 80248 80249 80250 80251 80256 80257 80259 80260 80261 80262 80263 80264 80265 80266 80271 80273 80274 80281 80290 80291 80293 80294 80299

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