Rent, population, and median household income are important factors to consider for a 1031 exchange in Brownsburg due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Brownsburg, Indiana is a part of the Boone/Hendricks Submarket submarket area, and contains zip code 46112.
Brownsburg Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Brownsburg, 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 Brownsburg, IN was 5.90%.
The total population of the city of Brownsburg, IN has grown 24.02% since 2010. As of 2018, the population was 26,397. The median household income of the Brownsburg was $70,354, which is 16.69% higher than the national average.
- submarket area Boone / Hendricks Submarket
- avg rent $1,045
- rent growth 23.23%
- vacancy 5.90%
- median income $70,354
- population (2018) 26,397
- population growth 24.02%
- vs. nat'l avg 16.69%
- zip code 46112