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