Rent, population, and median household income are important factors to consider for a 1031 exchange in District Heights due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
District Heights, Maryland is a part of the District Heights Submarket submarket area, and contains zip codes 20747 and 20753.
District Heights Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the District Heights, MD submarket area was $1,240, which is 6.90% higher than 2014 average rent. This represents a compounded annual growth rate of 1.34%. 2019 vacancy in District Heights, MD was 2.00%.
The total population of the city of District Heights, MD has grown 2.52% since 2010. As of 2018, the population was 5,984. The median household income of the District Heights was $70,382, which is 16.73% higher than the national average.
- submarket area District Heights Submarket
- avg rent $1,240
- rent growth 6.90%
- vacancy 2.00%
- median income $70,382
- population (2018) 5,984
- population growth 2.52%
- vs. nat'l avg 16.73%
- zip codes 20747 20753