1031 Exchange Greenville, North Carolina

 

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

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