Rent, population, and median household income are important factors to consider for a 1031 exchange in Davenport-Moline due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Davenport-Moline, Illinois is a part of the Davenport-Moline-Rock Island, IA-IL metropolitan area, and contains zip codes 61265 and 61266.
Davenport-Moline Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Davenport-Moline, IL metropolitan area was $744, which is 9.73% lower than 2014 average rent. This represents a compounded annual growth rate of 1.88%. 2019 vacancy in Davenport-Moline, IL was 3.20%.
The total population of the city of Davenport-Moline, IL has grown 2.41% since 2010. As of 2018, the population was 102,085. The median household income of the Davenport-Moline was $50,001, which is 17.07% lower than the national average.
- metropolitan area Davenport-Moline-Rock Island, IA-IL
- avg rent $744
- rent growth 9.73%
- vacancy 3.20%
- median income $50,001
- population (2018) 102,085
- population growth 2.41%
- vs. nat'l avg 17.07%
- zip codes 61265 61266