Rent, population, and median household income are important factors to consider for a 1031 exchange in Jeffersonville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Jeffersonville, Kentucky is a part of the Jeffersonville Submarket submarket area, and contains zip code 40337.
Jeffersonville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Jeffersonville, KY submarket area was $762, which is 16.34% lower than 2014 average rent. This represents a compounded annual growth rate of 3.07%. 2019 vacancy in Jeffersonville, KY was 3.10%.
The total population of the city of Jeffersonville, KY has grown 5.51% since 2010. As of 2018, the population was 47,432. The median household income of the Jeffersonville was $55,828, which is 7.41% lower than the national average.
- submarket area Jeffersonville Submarket
- avg rent $762
- rent growth 16.34%
- vacancy 3.10%
- median income $55,828
- population (2018) 47,432
- population growth 5.51%
- vs. nat'l avg 7.41%
- zip code 40337