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1031 Exchange Zionsville, Indiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Zionsville due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Zionsville, Indiana is a part of the Boone/Hendricks Submarket submarket area, and contains zip code 46077.

Zionsville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Zionsville, IN submarket area was $1,045, which is 23.23% higher than 2014 average rent. This represents a compounded annual growth rate of 4.27%. 2019 vacancy in Zionsville, IN was 5.90%.

The total population of the city of Zionsville, IN has grown 91.76% since 2010. As of 2018, the population was 27,153. The median household income of the Zionsville was $132,409, which is 119.61% higher than the national average.

  • submarket area Boone / Hendricks Submarket
  • avg rent $1,045
  • rent growth 23.23%
  • vacancy 5.90%
  • median income $132,409
  • population (2018) 27,153
  • population growth 91.76%
  • vs. nat'l avg 119.61%
  • zip code 46077

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