Rent, population, and median household income are important factors to consider for a 1031 exchange in Greenwood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Greenwood, Indiana is a part of the Johnson County Submarket submarket area, and contains zip codes 46142 and 46143.
Greenwood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Greenwood, IN submarket area was $806, which is 14.81% higher than 2014 average rent. This represents a compounded annual growth rate of 2.80%. 2019 vacancy in Greenwood, IN was 2.00%.
The total population of the city of Greenwood, IN has grown 18.05% since 2010. As of 2018, the population was 58,778. The median household income of the Greenwood was $62,025, which is 2.87% higher than the national average.
- submarket area Johnson County Submarket
- avg rent $806
- rent growth 14.81%
- vacancy 2.00%
- median income $62,025
- population (2018) 58,778
- population growth 18.05%
- vs. nat'l avg 2.87%
- zip codes 46142 46143
