1031 Exchange Takoma Park, Maryland

 

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

Surrounding submarket Area

Takoma Park, Maryland is a part of the Takoma Park Submarket submarket area, and contains zip codes 20912 and 20913.

Takoma Park Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Takoma Park, MD submarket area was $1,448, which is 9.78% higher than 2014 average rent. This represents a compounded annual growth rate of 1.88%. 2019 vacancy in Takoma Park, MD was 1.50%.

The total population of the city of Takoma Park, MD has grown 6.30% since 2010. As of 2018, the population was 17,768. The median household income of the Takoma Park was $86,439, which is 43.36% higher than the national average.

  • submarket area Takoma Park Submarket
  • avg rent $1,448
  • rent growth 9.78%
  • vacancy 1.50%
  • median income $86,439
  • population (2018) 17,768
  • population growth 6.30%
  • vs. nat'l avg 43.36%
  • zip codes 20912 20913

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