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
