1031 Exchange Jacksonville, North Carolina

 

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

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