1031 Exchange Monument, Colorado

 

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

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