Rent, population, and median household income are important factors to consider for a 1031 exchange in La Vergne due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
La Vergne, Tennessee is a part of the Murfreesboro Pike/Antioch Submarket submarket area, and contains zip codes 37086 and 37089.
La Vergne Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the La Vergne, TN submarket area was $923, which is 20.81% higher than 2014 average rent. This represents a compounded annual growth rate of 3.85%. 2019 vacancy in La Vergne, TN was 5.60%.
The total population of the city of La Vergne, TN has grown 9.91% since 2010. As of 2018, the population was 35,819. The median household income of the La Vergne was $60,902, which is 1.01% higher than the national average.
- submarket area Murfreesboro Pike / Antioch Submarket
- avg rent $923
- rent growth 20.81%
- vacancy 5.60%
- median income $60,902
- population (2018) 35,819
- population growth 9.91%
- vs. nat'l avg 1.01%
- zip codes 37086 37089
