Rent, population, and median household income are important factors to consider for a 1031 exchange in Northglenn due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Northglenn, Colorado is a part of the Northglenn/Thornton Submarket submarket area.
Northglenn Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Northglenn, CO submarket area was $1,289, which is 28.90% higher than 2014 average rent. This represents a compounded annual growth rate of 5.21%. 2019 vacancy in Northglenn, CO was 5.50%.
The total population of the city of Northglenn, CO has grown 9.00% since 2010. As of 2018, the population was 39,010. The median household income of the Northglenn was $66,972, which is 11.08% higher than the national average.
- submarket area Northglenn / Thornton Submarket
- avg rent $1,289
- rent growth 28.90%
- vacancy 5.50%
- median income $66,972
- population (2018) 39,010
- population growth 9.00%
- vs. nat'l avg 11.08%