Rent, population, and median household income are important factors to consider for a 1031 exchange in Golden due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Golden, Colorado is a part of the Golden/Wheat Ridge Submarket submarket area, and contains 4 zip codes: 80402, 80401, 80403, and 80419.
Golden Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Golden, CO submarket area was $1,397, which is 39.84% higher than 2014 average rent. This represents a compounded annual growth rate of 6.94%. 2019 vacancy in Golden, CO was 2.50%.
The total population of the city of Golden, CO has grown 12.65% since 2010. As of 2018, the population was 21,254. The median household income of the Golden was $66,344, which is 10.04% higher than the national average.
- submarket area Golden / Wheat Ridge Submarket
- avg rent $1,397
- rent growth 39.84%
- vacancy 2.50%
- median income $66,344
- population (2018) 21,254
- population growth 12.65%
- vs. nat'l avg 10.04%
- zip codes 80401 80402 80403 80419