Rent, population, and median household income are important factors to consider for a 1031 exchange in Bartlett due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bartlett, Tennessee is a part of the Raleigh/Bartlett Submarket submarket area.
Bartlett Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bartlett, TN submarket area was $771, which is 13.55% higher than 2014 average rent. This represents a compounded annual growth rate of 2.57%. 2019 vacancy in Bartlett, TN was 4.00%.
The total population of the city of Bartlett, TN has grown 8.61% since 2010. As of 2018, the population was 59,315. The median household income of the Bartlett was $83,746, which is 38.90% higher than the national average.
- submarket area Raleigh / Bartlett Submarket
- avg rent $771
- rent growth 13.55%
- vacancy 4.00%
- median income $83,746
- population (2018) 59,315
- population growth 8.61%
- vs. nat'l avg 38.90%
