Rent, population, and median household income are important factors to consider for a 1031 exchange in Augusta due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Augusta, Georgia is a part of the Augusta-Richmond County, GA-SC metropolitan area, and contains 13 zip codes, including: 30906, 30919, 30903, 30905, 30901, and 30916.
Augusta Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Augusta, GA metropolitan area was $818, which is 18.90% lower than 2014 average rent. This represents a compounded annual growth rate of 3.52%. 2019 vacancy in Augusta, GA was 4.60%.
The total population of the city of Augusta, GA has grown 1.08% since 2010. As of 2018, the population was 196,939. The median household income of the Augusta was $40,545, which is 32.75% lower than the national average.
- metropolitan area Augusta-Richmond County, GA-SC
- avg rent $818
- rent growth 18.90%
- vacancy 4.60%
- median income $40,545
- population (2018) 196,939
- population growth 1.08%
- vs. nat'l avg 32.75%
- zip codes 30901 30903 30904 30905 30906 30907 30909 30912 30914 30916 30917 30919 30999
