Rent, population, and median household income are important factors to consider for a 1031 exchange in Medford/Klamath Falls due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Medford/Klamath Falls, Oregon is a part of the Medford, OR metropolitan area, and contains 5 zip codes: 97602, 97601, 97603, 97501, and 97504.
Medford/Klamath Falls Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Medford/Klamath Falls, OR metropolitan area was $818, which is 22.82% lower than 2014 average rent. This represents a compounded annual growth rate of 4.20%. 2019 vacancy in Medford/Klamath Falls, OR was 2.20%.
The total population of the city of Medford/Klamath Falls, OR has grown 9.93% since 2010. As of 2018, the population was 82,347. The median household income of the Medford/Klamath Falls was $47,567, which is 21.11% lower than the national average.
- metropolitan area Medford, OR
- avg rent $818
- rent growth 22.82%
- vacancy 2.20%
- median income $47,567
- population (2018) 82,347
- population growth 9.93%
- vs. nat'l avg 21.11%
- zip codes 97501 97504 97601 97602 97603