1031 Exchange Manitou Springs, Colorado

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Manitou Springs due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Manitou Springs, Colorado is a part of the Southwest Submarket submarket area, and contains zip code 80829.

Manitou Springs Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Manitou Springs, CO submarket area was $1,042, which is 23.90% higher than 2014 average rent. This represents a compounded annual growth rate of 4.38%. 2019 vacancy in Manitou Springs, CO was 3.00%.

The total population of the city of Manitou Springs, CO has grown 7.09% since 2010. As of 2018, the population was 5,346. The median household income of the Manitou Springs was $67,055, which is 11.22% higher than the national average.

  • submarket area Southwest Submarket
  • avg rent $1,042
  • rent growth 23.90%
  • vacancy 3.00%
  • median income $67,055
  • population (2018) 5,346
  • population growth 7.09%
  • vs. nat'l avg 11.22%
  • zip code 80829

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