Rent, population, and median household income are important factors to consider for a 1031 exchange in Noblesville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Noblesville, Indiana is a part of the Hamilton County Submarket submarket area, and contains 3 zip codes: 46060, 46061, and 46062.
Noblesville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Noblesville, 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 Noblesville, IN was 6.80%.
The total population of the city of Noblesville, IN has grown 21.48% since 2010. As of 2018, the population was 63,133. The median household income of the Noblesville was $77,717, which is 28.90% higher than the national average.
- submarket area Hamilton County Submarket
- avg rent $1,179
- rent growth 22.43%
- vacancy 6.80%
- median income $77,717
- population (2018) 63,133
- population growth 21.48%
- vs. nat'l avg 28.90%
- zip codes 46060 46061 46062