1031 Exchange Beaverton, Oregon

 

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

Surrounding submarket Area

Beaverton, Oregon is a part of the Beaverton Submarket submarket area, and contains 10 zip codes, including: 97078, 97006, 97008, 97077, 97079, and 97005.

Beaverton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Beaverton, OR submarket area was $1,572, which is 41.37% higher than 2014 average rent. This represents a compounded annual growth rate of 7.17%. 2019 vacancy in Beaverton, OR was 3.20%.

The total population of the city of Beaverton, OR has grown 10.20% since 2010. As of 2018, the population was 98,962. The median household income of the Beaverton was $68,586, which is 13.75% higher than the national average.

  • submarket area Beaverton Submarket
  • avg rent $1,572
  • rent growth 41.37%
  • vacancy 3.20%
  • median income $68,586
  • population (2018) 98,962
  • population growth 10.20%
  • vs. nat'l avg 13.75%
  • zip codes 97003 97005 97006 97007 97008 97075 97076 97077 97078 97079

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