1031 Exchange Bladensburg, Maryland

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bladensburg due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Bladensburg, Maryland is a part of the Hyattsville Submarket submarket area, and contains zip code 20710.

Bladensburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bladensburg, MD submarket area was $1,448, which is 14.29% lower than 2014 average rent. This represents a compounded annual growth rate of 2.71%. 2019 vacancy in Bladensburg, MD was 3.50%.

The total population of the city of Bladensburg, MD has grown 2.98% since 2010. As of 2018, the population was 9,421. The median household income of the Bladensburg was $43,257, which is 28.26% lower than the national average.

  • submarket area Hyattsville Submarket
  • avg rent $1,448
  • rent growth 14.29%
  • vacancy 3.50%
  • median income $43,257
  • population (2018) 9,421
  • population growth 2.98%
  • vs. nat'l avg 28.26%
  • zip code 20710

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