Rent, population, and median household income are important factors to consider for a 1031 exchange in Fishers due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Fishers, Indiana is a part of the Hamilton County Submarket submarket area, and contains 3 zip codes: 46037, 46085, and 46038.
Fishers Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fishers, IN submarket area was $1,179, which is 22.43% higher than 2014 average rent. This represents a compounded annual growth rate of 4.13%. 2019 vacancy in Fishers, IN was 6.80%.
The total population of the city of Fishers, IN has grown 21.57% since 2010. As of 2018, the population was 93,362. The median household income of the Fishers was $105,042, which is 74.22% higher than the national average.
- submarket area Hamilton County Submarket
- avg rent $1,179
- rent growth 22.43%
- vacancy 6.80%
- median income $105,042
- population (2018) 93,362
- population growth 21.57%
- vs. nat'l avg 74.22%
- zip codes 46037 46038 46085