Rent, population, and median household income are important factors to consider for a 1031 exchange in Tigard due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Tigard, Oregon is a part of the Tigard/Oswego/Wilsonville Submarket submarket area.
Tigard Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Tigard, OR submarket area was $1,313, which is 32.23% higher than 2014 average rent. This represents a compounded annual growth rate of 5.75%. 2019 vacancy in Tigard, OR was 3.50%.
The total population of the city of Tigard, OR has grown 19.62% since 2010. As of 2018, the population was 57,458. The median household income of the Tigard was $75,795, which is 25.71% higher than the national average.
- submarket area Tigard / Oswego / Wilsonville Submarket
- avg rent $1,313
- rent growth 32.23%
- vacancy 3.50%
- median income $75,795
- population (2018) 57,458
- population growth 19.62%
- vs. nat'l avg 25.71%