Rent, population, and median household income are important factors to consider for a 1031 exchange in Greenville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Greenville, North Carolina is a part of the Greenville, NC metropolitan area, and contains 5 zip codes: 27835, 27836, 27858, 27834, and 27833.
Greenville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Greenville, NC metropolitan area was $809, which is 18.62% lower than 2014 average rent. This represents a compounded annual growth rate of 3.47%. 2019 vacancy in Greenville, NC was 3.00%.
The total population of the city of Greenville, NC has grown 10.15% since 2010. As of 2018, the population was 93,137. The median household income of the Greenville was $37,471, which is 37.85% lower than the national average.
- metropolitan area Greenville, NC
- avg rent $809
- rent growth 18.62%
- vacancy 3.00%
- median income $37,471
- population (2018) 93,137
- population growth 10.15%
- vs. nat'l avg 37.85%
- zip codes 27833 27834 27835 27836 27858