Rent, population, and median household income are important factors to consider for a 1031 exchange in Abilene due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Abilene, Texas is a part of the Abilene, TX metropolitan area, and contains 10 zip codes, including: 79603, 79604, 79698, 79699, 79605, and 79608.
Abilene Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Abilene, TX metropolitan area was $754, which is 12.71% lower than 2014 average rent. This represents a compounded annual growth rate of 2.42%. 2019 vacancy in Abilene, TX was 2.90%.
The total population of the city of Abilene, TX has grown 5.07% since 2010. As of 2018, the population was 122,999. The median household income of the Abilene was $47,689, which is 20.90% lower than the national average.
- metropolitan area Abilene, TX
- avg rent $754
- rent growth 12.71%
- vacancy 2.90%
- median income $47,689
- population (2018) 122,999
- population growth 5.07%
- vs. nat'l avg 20.90%
- zip codes 79601 79602 79603 79604 79605 79606 79608 79697 79698 79699
