Rent, population, and median household income are important factors to consider for a 1031 exchange in Jeffersontown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Jeffersontown, Kentucky is a part of the Chenoweth/Taylorsville Submarket submarket area.
Jeffersontown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Jeffersontown, KY submarket area was $874, which is 16.22% higher than 2014 average rent. This represents a compounded annual growth rate of 3.05%. 2019 vacancy in Jeffersontown, KY was 4.60%.
The total population of the city of Jeffersontown, KY has grown 5.27% since 2010. As of 2018, the population was 27,997. The median household income of the Jeffersontown was $69,285, which is 14.91% higher than the national average.
- submarket area Chenoweth / Taylorsville Submarket
- avg rent $874
- rent growth 16.22%
- vacancy 4.60%
- median income $69,285
- population (2018) 27,997
- population growth 5.27%
- vs. nat'l avg 14.91%