1031 Exchange Englewood, Colorado

 

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: 80111, 80150, 80112, 80113, 80110, and 80155.

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

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