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1031 Exchange Lyndon, Kentucky

 

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%

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