Rent, population, and median household income are important factors to consider for a 1031 exchange in Jacksonville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Jacksonville, North Carolina is a part of the Jacksonville, NC metropolitan area, and contains 3 zip codes: 28541, 28540, and 28546.
Jacksonville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Jacksonville, NC metropolitan area was $892, which is 6.06% lower than 2014 average rent. This represents a compounded annual growth rate of 1.18%. 2019 vacancy in Jacksonville, NC was 1.50%.
The total population of the city of Jacksonville, NC has grown 3.92% since 2010. As of 2018, the population was 72,896. The median household income of the Jacksonville was $41,936, which is 30.45% lower than the national average.
- metropolitan area Jacksonville, NC
- avg rent $892
- rent growth 6.06%
- vacancy 1.50%
- median income $41,936
- population (2018) 72,896
- population growth 3.92%
- vs. nat'l avg 30.45%
- zip codes 28540 28541 28546