1031 Exchange Bartlett, Tennessee

 

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%

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