1031 Exchange Los Ranchos de Albuquerque, New Mexico

 

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

Surrounding submarket Area

Los Ranchos de Albuquerque, New Mexico is a part of the Northwest Submarket submarket area.

Los Ranchos de Albuquerque Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Los Ranchos de Albuquerque, NM submarket area was $985, which is 23.28% higher than 2014 average rent. This represents a compounded annual growth rate of 4.27%. 2019 vacancy in Los Ranchos de Albuquerque, NM was 4.00%.

The total population of the city of Los Ranchos de Albuquerque, NM has grown 1.58% since 2010. As of 2018, the population was 6,119. The median household income of the Los Ranchos de Albuquerque was $62,214, which is 3.19% higher than the national average.

  • submarket area Northwest Submarket
  • avg rent $985
  • rent growth 23.28%
  • vacancy 4.00%
  • median income $62,214
  • population (2018) 6,119
  • population growth 1.58%
  • vs. nat'l avg 3.19%

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