Rent, population, and median household income are important factors to consider for a 1031 exchange in Englewood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Englewood, Colorado is a part of the Englewood/Sheridan Submarket submarket area, and contains 7 zip codes, including: 80113, 80155, 80151, 80111, 80150, and 80112.
Englewood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Englewood, CO submarket area was $1,321, which is 55.05% lower than 2014 average rent. This represents a compounded annual growth rate of 9.17%. 2019 vacancy in Englewood, CO was 4.40%.
The total population of the city of Englewood, CO has grown 14.66% since 2010. As of 2018, the population was 34,690. The median household income of the Englewood was $56,586, which is 6.15% lower than the national average.
- submarket area Englewood / Sheridan Submarket
- avg rent $1,321
- rent growth 55.05%
- vacancy 4.40%
- median income $56,586
- population (2018) 34,690
- population growth 14.66%
- vs. nat'l avg 6.15%
- zip codes 80110 80111 80112 80113 80150 80151 80155
