1031 Exchange Raleigh-Durham, North Carolina

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Raleigh-Durham due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Raleigh-Durham, North Carolina is a part of the Raleigh-Cary, NC metropolitan area, and contains 60 zip codes, including: 27622, 27708, 27707, 27603, 27612, and 27706.

Raleigh-Durham Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Raleigh-Durham, NC metropolitan area was $1,123, which is 30.58% higher than 2014 average rent. This represents a compounded annual growth rate of 5.48%. 2019 vacancy in Raleigh-Durham, NC was 5.60%.

The total population of the city of Raleigh-Durham, NC has grown 16.19% since 2010. As of 2018, the population was 469,298. The median household income of the Raleigh-Durham was $63,891, which is 5.97% higher than the national average.

  • metropolitan area Raleigh-Cary, NC
  • avg rent $1,123
  • rent growth 30.58%
  • vacancy 5.60%
  • median income $63,891
  • population (2018) 469,298
  • population growth 16.19%
  • vs. nat'l avg 5.97%
  • zip codes 27601 27602 27603 27604 27605 27606 27607 27608 27609 27610 27611 27612 27613 27614 27615 27616 27617 27619 27620 27621 27622 27623 27624 27625 27626 27627 27628 27629 27634 27635 27636 27640 27650 27656 27658 27661 27668 27675 27676 27690 27695 27697 27698 27699 27701 27702 27703 27704 27705 27706 27707 27708 27709 27710 27711 27712 27713 27715 27717 27722

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