Rent, population, and median household income are important factors to consider for a 1031 exchange in Monument due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Monument, Colorado is a part of the Northwest Submarket submarket area, and contains zip code 80132.
Monument Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Monument, CO submarket area was $1,186, which is 29.62% higher than 2014 average rent. This represents a compounded annual growth rate of 5.33%. 2019 vacancy in Monument, CO was 5.20%.
The total population of the city of Monument, CO has grown 44.85% since 2010. As of 2018, the population was 8,010. The median household income of the Monument was $103,981, which is 72.46% higher than the national average.
- submarket area Northwest Submarket
- avg rent $1,186
- rent growth 29.62%
- vacancy 5.20%
- median income $103,981
- population (2018) 8,010
- population growth 44.85%
- vs. nat'l avg 72.46%
- zip code 80132
