1031 Exchange Sheridan, Colorado

 

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

Surrounding submarket Area

Sheridan, Colorado is a part of the Englewood/Sheridan Submarket submarket area.

Sheridan Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Sheridan, CO submarket area was $1,321, which is 55.05% lower than 2014 average rent. This represents a compounded annual growth rate of 9.17%. 2019 vacancy in Sheridan, CO was 4.40%.

The total population of the city of Sheridan, CO has grown 8.83% since 2010. As of 2018, the population was 6,164. The median household income of the Sheridan was $42,061, which is 30.24% lower than the national average.

  • submarket area Englewood / Sheridan Submarket
  • avg rent $1,321
  • rent growth 55.05%
  • vacancy 4.40%
  • median income $42,061
  • population (2018) 6,164
  • population growth 8.83%
  • vs. nat'l avg 30.24%

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