Rent, population, and median household income are important factors to consider for a 1031 exchange in New Whiteland due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
New Whiteland, Indiana is a part of the Johnson County Submarket submarket area.
New Whiteland Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the New Whiteland, 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 New Whiteland, IN was 2.00%.
The total population of the city of New Whiteland, IN has grown 12.45% since 2010. As of 2018, the population was 6,153. The median household income of the New Whiteland was $63,901, which is 5.98% higher than the national average.
- submarket area Johnson County Submarket
- avg rent $806
- rent growth 14.81%
- vacancy 2.00%
- median income $63,901
- population (2018) 6,153
- population growth 12.45%
- vs. nat'l avg 5.98%