1031 Exchange Asheville, North Carolina

 

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

Surrounding metropolitan Area

Asheville, North Carolina is a part of the Asheville, NC metropolitan area, and contains 11 zip codes, including: 28805, 28802, 28804, 28815, 28814, and 28801.

Asheville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Asheville, NC metropolitan area was $1,057, which is 18.23% lower than 2014 average rent. This represents a compounded annual growth rate of 3.41%. 2019 vacancy in Asheville, NC was 6.20%.

The total population of the city of Asheville, NC has grown 10.86% since 2010. As of 2018, the population was 92,452. The median household income of the Asheville was $47,803, which is 20.72% lower than the national average.

  • metropolitan area Asheville, NC
  • avg rent $1,057
  • rent growth 18.23%
  • vacancy 6.20%
  • median income $47,803
  • population (2018) 92,452
  • population growth 10.86%
  • vs. nat'l avg 20.72%
  • zip codes 28801 28802 28803 28804 28805 28806 28810 28813 28814 28815 28816

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