Rent, population, and median household income are important factors to consider for a 1031 exchange in Thornton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Thornton, Colorado is a part of the Northglenn/Thornton Submarket submarket area, and contains zip code 80241.
Thornton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Thornton, 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 Thornton, CO was 5.50%.
The total population of the city of Thornton, CO has grown 17.40% since 2010. As of 2018, the population was 139,436. The median household income of the Thornton was $76,236, which is 26.44% higher than the national average.
- submarket area Northglenn / Thornton Submarket
- avg rent $1,289
- rent growth 28.90%
- vacancy 5.50%
- median income $76,236
- population (2018) 139,436
- population growth 17.40%
- vs. nat'l avg 26.44%
- zip code 80241
