1031 Exchange Austin, Texas

 

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

Surrounding metropolitan Area

Austin, Texas is a part of the Austin-Round Rock-Georgetown, TX metropolitan area, and contains 73 zip codes, including: 78765, 78754, 78755, 78746, 78756, and 78779.

Austin Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Austin, TX metropolitan area was $1,217, which is 28.65% higher than 2014 average rent. This represents a compounded annual growth rate of 5.17%. 2019 vacancy in Austin, TX was 6.10%.

The total population of the city of Austin, TX has grown 22.00% since 2010. As of 2018, the population was 964,254. The median household income of the Austin was $67,462, which is 11.89% higher than the national average.

  • metropolitan area Austin-Round Rock-Georgetown, TX
  • avg rent $1,217
  • rent growth 28.65%
  • vacancy 6.10%
  • median income $67,462
  • population (2018) 964,254
  • population growth 22.00%
  • vs. nat'l avg 11.89%
  • zip codes 73301 73344 78701 78702 78703 78704 78705 78708 78709 78710 78711 78712 78713 78714 78715 78716 78717 78718 78719 78720 78721 78722 78723 78724 78725 78726 78727 78728 78729 78730 78731 78732 78733 78734 78735 78736 78737 78738 78739 78741 78742 78744 78745 78746 78747 78748 78749 78750 78751 78752 78753 78754 78755 78756 78757 78758 78759 78760 78761 78762 78763 78764 78765 78766 78767 78768 78772 78773 78774 78778 78779 78783 78799

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