1031 Exchange Alexandria, Louisiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Alexandria due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Alexandria, Louisiana is a part of the Alexandria, LA metropolitan area, and contains 7 zip codes, including: 71315, 71306, 71301, 71307, 71302, and 71303.

Alexandria Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Alexandria, LA metropolitan area was $726, which is 8.36% lower than 2014 average rent. This represents a compounded annual growth rate of 1.62%. 2019 vacancy in Alexandria, LA was 2.40%.

The total population of the city of Alexandria, LA has decreased 1.98% since 2010. As of 2018, the population was 46,776. The median household income of the Alexandria was $40,353, which is 33.07% lower than the national average.

  • metropolitan area Alexandria, LA
  • avg rent $726
  • rent growth 8.36%
  • vacancy 2.40%
  • median income $40,353
  • population (2018) 46,776
  • population growth -1.98%
  • vs. nat'l avg 33.07%
  • zip codes 71301 71302 71303 71306 71307 71390 71315

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