Rent, population, and median household income are important factors to consider for a 1031 exchange in Collierville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Collierville, Tennessee is a part of the Germantown/Collierville Submarket submarket area, and contains zip codes 38017 and 38027.
Collierville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Collierville, TN submarket area was $1,176, which is 19.88% higher than 2014 average rent. This represents a compounded annual growth rate of 3.69%. 2019 vacancy in Collierville, TN was 5.60%.
The total population of the city of Collierville, TN has grown 15.13% since 2010. As of 2018, the population was 50,616. The median household income of the Collierville was $113,789, which is 88.73% higher than the national average.
- submarket area Germantown / Collierville Submarket
- avg rent $1,176
- rent growth 19.88%
- vacancy 5.60%
- median income $113,789
- population (2018) 50,616
- population growth 15.13%
- vs. nat'l avg 88.73%
- zip codes 38017 38027