Rent, population, and median household income are important factors to consider for a 1031 exchange in Arlington due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Arlington, Texas is a part of the Central Arlington submarket area, and contains 19 zip codes, including: 76001, 76007, 76096, 76015, 76005, and 76017.
Arlington Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Arlington, TX submarket area was $786, which is 23.00% lower than 2014 average rent. This represents a compounded annual growth rate of 4.23%. 2019 vacancy in Arlington, TX was 2.40%.
The total population of the city of Arlington, TX has grown 8.94% since 2010. As of 2018, the population was 398,112. The median household income of the Arlington was $58,502, which is 2.97% lower than the national average.
- submarket area Central Arlington
- avg rent $786
- rent growth 23.00%
- vacancy 2.40%
- median income $58,502
- population (2018) 398,112
- population growth 8.94%
- vs. nat'l avg 2.97%
- zip codes 76001 76002 76003 76004 76005 76006 76007 76010 76011 76012 76013 76014 76015 76016 76017 76018 76019 76094 76096
