1031 Exchange Jackson, Tennessee

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Jackson due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Jackson, Tennessee is a part of the Jackson, TN metropolitan area, and contains 6 zip codes: 38303, 38301, 38305, 38302, 38314, and 30308.

Jackson Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Jackson, TN metropolitan area was $798, which is 10.22% lower than 2014 average rent. This represents a compounded annual growth rate of 1.97%. 2019 vacancy in Jackson, TN was 2.10%.

The total population of the city of Jackson, TN has grown 2.59% since 2010. As of 2018, the population was 66,903. The median household income of the Jackson was $41,606, which is 30.99% lower than the national average.

  • metropolitan area Jackson, TN
  • avg rent $798
  • rent growth 10.22%
  • vacancy 2.10%
  • median income $41,606
  • population (2018) 66,903
  • population growth 2.59%
  • vs. nat'l avg 30.99%
  • zip codes 38301 38302 38303 38305 30308 38314

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