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1031 Exchange Evansville, Indiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Evansville due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Evansville, Indiana is a part of the Evansville, IN-KY metropolitan area, and contains 32 zip codes, including: 47702, 47721, 47719, 47740, 47730, and 47737.

Evansville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Evansville, IN metropolitan area was $714, which is 14.79% lower than 2014 average rent. This represents a compounded annual growth rate of 2.80%. 2019 vacancy in Evansville, IN was 4.20%.

The total population of the city of Evansville, IN has grown 0.45% since 2010. As of 2018, the population was 117,963. The median household income of the Evansville was $38,646, which is 36.00% lower than the national average.

  • metropolitan area Evansville, IN-KY
  • avg rent $714
  • rent growth 14.79%
  • vacancy 4.20%
  • median income $38,646
  • population (2018) 117,963
  • population growth 0.45%
  • vs. nat'l avg 36.00%
  • zip codes 47701 47702 47703 47704 47705 47706 47708 47710 47711 47712 47713 47714 47715 47716 47719 47720 47721 47722 47724 47725 47728 47730 47731 47732 47733 47734 47735 47736 47737 47740 47747 47750

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