Rent, population, and median household income are important factors to consider for a 1031 exchange in Federal Heights due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Federal Heights, Colorado is a part of the Westminster Submarket submarket area.
Federal Heights Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Federal Heights, CO submarket area was $1,341, which is 36.70% lower than 2014 average rent. This represents a compounded annual growth rate of 6.45%. 2019 vacancy in Federal Heights, CO was 3.70%.
The total population of the city of Federal Heights, CO has grown 12.02% since 2010. As of 2018, the population was 12,845. The median household income of the Federal Heights was $40,205, which is 33.32% lower than the national average.
- submarket area Westminster Submarket
- avg rent $1,341
- rent growth 36.70%
- vacancy 3.70%
- median income $40,205
- population (2018) 12,845
- population growth 12.02%
- vs. nat'l avg 33.32%