Rent, population, and median household income are important factors to consider for a 1031 exchange in Avon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Avon, Indiana is a part of the Boone/Hendricks Submarket submarket area, and contains zip code 46123.
Avon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Avon, IN submarket area was $1,045, which is 23.23% higher than 2014 average rent. This represents a compounded annual growth rate of 4.27%. 2019 vacancy in Avon, IN was 5.90%.
The total population of the city of Avon, IN has grown 47.38% since 2010. As of 2018, the population was 18,343. The median household income of the Avon was $91,587, which is 51.90% higher than the national average.
- submarket area Boone / Hendricks Submarket
- avg rent $1,045
- rent growth 23.23%
- vacancy 5.90%
- median income $91,587
- population (2018) 18,343
- population growth 47.38%
- vs. nat'l avg 51.90%
- zip code 46123