Rent, population, and median household income are important factors to consider for a 1031 exchange in Germantown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Germantown, Tennessee is a part of the Germantown/Collierville Submarket submarket area, and contains 3 zip codes: 38138, 38139, and 38183.
Germantown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Germantown, 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 Germantown, TN was 5.60%.
The total population of the city of Germantown, TN has grown 0.66% since 2010. As of 2018, the population was 39,099. The median household income of the Germantown was $116,585, which is 93.36% higher than the national average.
- submarket area Germantown / Collierville Submarket
- avg rent $1,176
- rent growth 19.88%
- vacancy 5.60%
- median income $116,585
- population (2018) 39,099
- population growth 0.66%
- vs. nat'l avg 93.36%
- zip codes 38138 38139 38183