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1031 Exchange Greenfield, Indiana

 

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

Surrounding submarket Area

Greenfield, Indiana is a part of the Hancock/Shelbyville Submarket submarket area, and contains zip code 46140.

Greenfield Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Greenfield, IN submarket area was $763, which is 15.08% lower than 2014 average rent. This represents a compounded annual growth rate of 2.85%. 2019 vacancy in Greenfield, IN was 2.50%.

The total population of the city of Greenfield, IN has grown 9.52% since 2010. As of 2018, the population was 22,564. The median household income of the Greenfield was $53,061, which is 11.99% lower than the national average.

  • submarket area Hancock / Shelbyville Submarket
  • avg rent $763
  • rent growth 15.08%
  • vacancy 2.50%
  • median income $53,061
  • population (2018) 22,564
  • population growth 9.52%
  • vs. nat'l avg 11.99%
  • zip code 46140

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