Rent, population, and median household income are important factors to consider for a 1031 exchange in Gretna due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Gretna, Louisiana is a part of the Gretna/Terrytown/Jefferson Parish Submarket submarket area, and contains 3 zip codes: 70053, 70054, and 70056.
Gretna Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Gretna, LA submarket area was $884, which is 7.41% lower than 2014 average rent. This represents a compounded annual growth rate of 1.44%. 2019 vacancy in Gretna, LA was 3.90%.
The total population of the city of Gretna, LA has decreased 0.03% since 2010. As of 2018, the population was 17,730. The median household income of the Gretna was $46,057, which is 23.61% lower than the national average.
- submarket area Gretna / Terrytown / Jefferson Parish Submarket
- avg rent $884
- rent growth 7.41%
- vacancy 3.90%
- median income $46,057
- population (2018) 17,730
- population growth -0.03%
- vs. nat'l avg 23.61%
- zip codes 70053 70054 70056