Rent, population, and median household income are important factors to consider for a 1031 exchange in Huntersville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Huntersville, North Carolina is a part of the Harris Boulevard/Mallard Creek Church Road Submarket submarket area, and contains zip codes 28070 and 28078.
Huntersville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Huntersville, NC submarket area was $1,183, which is 25.45% higher than 2014 average rent. This represents a compounded annual growth rate of 4.64%. 2019 vacancy in Huntersville, NC was 6.70%.
The total population of the city of Huntersville, NC has grown 22.07% since 2010. As of 2018, the population was 57,098. The median household income of the Huntersville was $97,320, which is 61.41% higher than the national average.
- submarket area Harris Boulevard / Mallard Creek Church Road Submarket
- avg rent $1,183
- rent growth 25.45%
- vacancy 6.70%
- median income $97,320
- population (2018) 57,098
- population growth 22.07%
- vs. nat'l avg 61.41%
- zip codes 28070 28078