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%
