Rent, population, and median household income are important factors to consider for a 1031 exchange in Kenner due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Kenner, Louisiana is a part of the Kenner Submarket submarket area, and contains 5 zip codes: 70097, 70064, 70063, 70065, and 70062.
Kenner Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kenner, LA submarket area was $956, which is 12.47% lower than 2014 average rent. This represents a compounded annual growth rate of 2.38%. 2019 vacancy in Kenner, LA was 3.50%.
The total population of the city of Kenner, LA has decreased 0.07% since 2010. As of 2018, the population was 66,657. The median household income of the Kenner was $53,885, which is 10.63% lower than the national average.
- submarket area Kenner Submarket
- avg rent $956
- rent growth 12.47%
- vacancy 3.50%
- median income $53,885
- population (2018) 66,657
- population growth -0.07%
- vs. nat'l avg 10.63%
- zip codes 70062 70063 70064 70065 70097