1031 Exchange Nashville, Tennessee

 

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

Surrounding metropolitan Area

Nashville, Tennessee is a part of the Nashville-Davidson-Murfreesboro-Franklin, TN metropolitan area, and contains 49 zip codes, including: 37011, 37204, 37206, 37207, 37242, and 37208.

Nashville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Nashville, TN metropolitan area was $1,134, which is 31.10% lower than 2014 average rent. This represents a compounded annual growth rate of 5.56%. 2019 vacancy in Nashville, TN was 6.00%.

The total population of the city of Nashville, TN has grown 11.28% since 2010. As of 2018, the population was 669,053. The median household income of the Nashville was $55,873, which is 7.33% lower than the national average.

  • metropolitan area Nashville-Davidson-Murfreesboro-Franklin, TN
  • avg rent $1,134
  • rent growth 31.10%
  • vacancy 6.00%
  • median income $55,873
  • population (2018) 669,053
  • population growth 11.28%
  • vs. nat'l avg 7.33%
  • zip codes 37011 37013 37070 37072 37076 37080 37115 37116 37138 37189 37201 37202 37203 37204 37205 37206 37207 37208 37209 37210 37211 37212 37213 37214 37215 37216 37217 37218 37219 37220 37221 37222 37224 37227 37228 37229 37230 37232 37234 37235 37236 37238 37240 37241 37242 37243 37244 37246 37250

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand