Rent, population, and median household income are important factors to consider for a 1031 exchange in Beech Grove due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Beech Grove, Indiana is a part of the Southeast Submarket submarket area, and contains zip code 46107.
Beech Grove Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Beech Grove, IN submarket area was $820, which is 17.48% lower than 2014 average rent. This represents a compounded annual growth rate of 3.27%. 2019 vacancy in Beech Grove, IN was 5.10%.
The total population of the city of Beech Grove, IN has grown 4.56% since 2010. As of 2018, the population was 14,839. The median household income of the Beech Grove was $40,741, which is 32.43% lower than the national average.
- submarket area Southeast Submarket
- avg rent $820
- rent growth 17.48%
- vacancy 5.10%
- median income $40,741
- population (2018) 14,839
- population growth 4.56%
- vs. nat'l avg 32.43%
- zip code 46107