1031 Exchange Hattiesburg, Mississippi

 

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

Surrounding metropolitan Area

Hattiesburg, Mississippi is a part of the Hattiesburg, MS metropolitan area, and contains 6 zip codes: 39402, 39403, 39401, 39404, 30406, and 39407.

Hattiesburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hattiesburg, MS metropolitan area was $755, which is 9.90% lower than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Hattiesburg, MS was 5.30%.

The total population of the city of Hattiesburg, MS has decreased 0.08% since 2010. As of 2018, the population was 45,951. The median household income of the Hattiesburg was $33,792, which is 43.95% lower than the national average.

  • metropolitan area Hattiesburg, MS
  • avg rent $755
  • rent growth 9.90%
  • vacancy 5.30%
  • median income $33,792
  • population (2018) 45,951
  • population growth -0.08%
  • vs. nat'l avg 43.95%
  • zip codes 39401 39402 39403 39404 30406 39407

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