Rent, population, and median household income are important factors to consider for a 1031 exchange in Glendale due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Glendale, Colorado is a part of the Denver-Southeast Submarket submarket area.
Glendale Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Glendale, CO submarket area was $1,258, which is 33.26% lower than 2014 average rent. This represents a compounded annual growth rate of 5.91%. 2019 vacancy in Glendale, CO was 3.90%.
The total population of the city of Glendale, CO has grown 23.57% since 2010. As of 2018, the population was 5,170. The median household income of the Glendale was $51,026, which is 15.37% lower than the national average.
- submarket area Denver-Southeast Submarket
- avg rent $1,258
- rent growth 33.26%
- vacancy 3.90%
- median income $51,026
- population (2018) 5,170
- population growth 23.57%
- vs. nat'l avg 15.37%
