Rent, population, and median household income are important factors to consider for a 1031 exchange in Mandeville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mandeville, Louisiana is a part of the St. Tammany Submarket submarket area, and contains 3 zip codes: 70470, 70448, and 70470.
Mandeville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mandeville, LA submarket area was $1,104, which is 5.95% higher than 2014 average rent. This represents a compounded annual growth rate of 1.16%. 2019 vacancy in Mandeville, LA was 5.00%.
The total population of the city of Mandeville, LA has grown 6.30% since 2010. As of 2018, the population was 12,288. The median household income of the Mandeville was $71,643, which is 18.82% higher than the national average.
- submarket area St. Tammany Submarket
- avg rent $1,104
- rent growth 5.95%
- vacancy 5.00%
- median income $71,643
- population (2018) 12,288
- population growth 6.30%
- vs. nat'l avg 18.82%
- zip codes 70448 70470 70470