Rent, population, and median household income are important factors to consider for a 1031 exchange in Shively due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Shively, Kentucky is a part of the West Central Submarket submarket area.
Shively Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Shively, KY submarket area was $1,024, which is 47.76% lower than 2014 average rent. This represents a compounded annual growth rate of 8.12%. 2019 vacancy in Shively, KY was 4.20%.
The total population of the city of Shively, KY has grown 3.39% since 2010. As of 2018, the population was 15,781. The median household income of the Shively was $39,866, which is 33.88% lower than the national average.
- submarket area West Central Submarket
- avg rent $1,024
- rent growth 47.76%
- vacancy 4.20%
- median income $39,866
- population (2018) 15,781
- population growth 3.39%
- vs. nat'l avg 33.88%