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1031 Exchange North Las Vegas, Nevada

 

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

Surrounding submarket Area

North Las Vegas, Nevada is a part of the North Submarket submarket area, and contains 10 zip codes, including: 89087, 89036, 89032, 89033, 89081, and 89031.

North Las Vegas Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the North Las Vegas, NV submarket area was $1,080, which is 28.88% lower than 2014 average rent. This represents a compounded annual growth rate of 5.20%. 2019 vacancy in North Las Vegas, NV was 2.70%.

The total population of the city of North Las Vegas, NV has grown 13.36% since 2010. As of 2018, the population was 245,949. The median household income of the North Las Vegas was $57,723, which is 4.26% lower than the national average.

  • submarket area North Submarket
  • avg rent $1,080
  • rent growth 28.88%
  • vacancy 2.70%
  • median income $57,723
  • population (2018) 245,949
  • population growth 13.36%
  • vs. nat'l avg 4.26%
  • zip codes 89030 89031 89032 89033 89036 89081 89084 89085 89086 89087

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