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: 39401, 39407, 39404, 39402, 39403, and 30406.
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
