Rent, population, and median household income are important factors to consider for a 1031 exchange in Thurmont due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Thurmont, Maryland is a part of the Frederick County Submarket submarket area, and contains zip code 21788.
Thurmont Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Thurmont, MD submarket area was $1,356, which is 20.11% higher than 2014 average rent. This represents a compounded annual growth rate of 3.73%. 2019 vacancy in Thurmont, MD was 4.50%.
The total population of the city of Thurmont, MD has grown 9.43% since 2010. As of 2018, the population was 6,752. The median household income of the Thurmont was $72,868, which is 20.86% higher than the national average.
- submarket area Frederick County Submarket
- avg rent $1,356
- rent growth 20.11%
- vacancy 4.50%
- median income $72,868
- population (2018) 6,752
- population growth 9.43%
- vs. nat'l avg 20.86%
- zip code 21788
