Rent, population, and median household income are important factors to consider for a 1031 exchange in Danville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Danville, Indiana is a part of the Boone/Hendricks Submarket submarket area, and contains zip code 46122.
Danville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Danville, 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 Danville, IN was 5.90%.
The total population of the city of Danville, IN has grown 10.23% since 2010. As of 2018, the population was 9,922. The median household income of the Danville was $75,653, which is 25.48% higher than the national average.
- submarket area Boone / Hendricks Submarket
- avg rent $1,045
- rent growth 23.23%
- vacancy 5.90%
- median income $75,653
- population (2018) 9,922
- population growth 10.23%
- vs. nat'l avg 25.48%
- zip code 46122