1031 Exchange Edmond, Oklahoma

 

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

Surrounding submarket Area

Edmond, Oklahoma is a part of the Edmond Submarket submarket area, and contains 6 zip codes: 73025, 73083, 73013, 73003, 73034, and 73012.

Edmond Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Edmond, OK submarket area was $820, which is 10.07% higher than 2014 average rent. This represents a compounded annual growth rate of 1.94%. 2019 vacancy in Edmond, OK was 4.10%.

The total population of the city of Edmond, OK has grown 14.40% since 2010. As of 2018, the population was 93,127. The median household income of the Edmond was $78,692, which is 30.52% higher than the national average.

  • submarket area Edmond Submarket
  • avg rent $820
  • rent growth 10.07%
  • vacancy 4.10%
  • median income $78,692
  • population (2018) 93,127
  • population growth 14.40%
  • vs. nat'l avg 30.52%
  • zip codes 73003 73012 73013 73025 73034 73083

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