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1031 Exchange Gresham, Oregon

 

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

Surrounding submarket Area

Gresham, Oregon is a part of the East Gresham Submarket submarket area, and contains zip codes 97030 and 97080.

Gresham Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Gresham, OR submarket area was $1,018, which is 29.02% lower than 2014 average rent. This represents a compounded annual growth rate of 5.23%. 2019 vacancy in Gresham, OR was 1.60%.

The total population of the city of Gresham, OR has grown 4.32% since 2010. As of 2018, the population was 110,158. The median household income of the Gresham was $52,303, which is 13.25% lower than the national average.

  • submarket area East Gresham Submarket
  • avg rent $1,018
  • rent growth 29.02%
  • vacancy 1.60%
  • median income $52,303
  • population (2018) 110,158
  • population growth 4.32%
  • vs. nat'l avg 13.25%
  • zip codes 97030 97080

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