Rent, population, and median household income are important factors to consider for a 1031 exchange in Eugene due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Eugene, Oregon is a part of the Eugene-Springfield, OR metropolitan area, and contains 7 zip codes, including: 97403, 97402, 97404, 97405, 97401, and 97408.
Eugene Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Eugene, OR metropolitan area was $1,019, which is 30.31% lower than 2014 average rent. This represents a compounded annual growth rate of 5.44%. 2019 vacancy in Eugene, OR was 2.30%.
The total population of the city of Eugene, OR has grown 9.64% since 2010. As of 2018, the population was 171,245. The median household income of the Eugene was $49,029, which is 18.68% lower than the national average.
- metropolitan area Eugene-Springfield, OR
- avg rent $1,019
- rent growth 30.31%
- vacancy 2.30%
- median income $49,029
- population (2018) 171,245
- population growth 9.64%
- vs. nat'l avg 18.68%
- zip codes 97401 97402 97403 97404 97405 97408 97440
