Rent, population, and median household income are important factors to consider for a 1031 exchange in Lyndon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lyndon, Kentucky is a part of the Northeast Jefferson County Submarket submarket area.
Lyndon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lyndon, KY submarket area was $1,039, which is 17.40% lower than 2014 average rent. This represents a compounded annual growth rate of 3.26%. 2019 vacancy in Lyndon, KY was 4.70%.
The total population of the city of Lyndon, KY has grown 4.37% since 2010. As of 2018, the population was 11,483. The median household income of the Lyndon was $55,520, which is 7.92% lower than the national average.
- submarket area Northeast Jefferson County Submarket
- avg rent $1,039
- rent growth 17.40%
- vacancy 4.70%
- median income $55,520
- population (2018) 11,483
- population growth 4.37%
- vs. nat'l avg 7.92%
