1031 Exchange Gretna, Louisiana

 

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

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