Rent, population, and median household income are important factors to consider for a 1031 exchange in Speedway due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Speedway, Indiana is a part of the West Submarket submarket area.
Speedway Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Speedway, IN submarket area was $730, which is 11.96% lower than 2014 average rent. This represents a compounded annual growth rate of 2.29%. 2019 vacancy in Speedway, IN was 3.50%.
The total population of the city of Speedway, IN has grown 2.94% since 2010. As of 2018, the population was 12,159. The median household income of the Speedway was $41,325, which is 31.46% lower than the national average.
- submarket area West Submarket
- avg rent $730
- rent growth 11.96%
- vacancy 3.50%
- median income $41,325
- population (2018) 12,159
- population growth 2.94%
- vs. nat'l avg 31.46%