Rent, population, and median household income are important factors to consider for a 1031 exchange in Harahan due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Harahan, Louisiana is a part of the Jefferson/River Ridge Submarket submarket area.
Harahan Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Harahan, LA submarket area was $1,162, which is 22.57% higher than 2014 average rent. This represents a compounded annual growth rate of 4.15%. 2019 vacancy in Harahan, LA was 1.80%.
The total population of the city of Harahan, LA has grown 0.18% since 2010. As of 2018, the population was 9,294. The median household income of the Harahan was $63,854, which is 5.91% higher than the national average.
- submarket area Jefferson / River Ridge Submarket
- avg rent $1,162
- rent growth 22.57%
- vacancy 1.80%
- median income $63,854
- population (2018) 9,294
- population growth 0.18%
- vs. nat'l avg 5.91%