Rent, population, and median household income are important factors to consider for a 1031 exchange in Brownsville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Brownsville, Texas is a part of the Brownsville-Harlingen, TX metropolitan area, and contains 9 zip codes, including: 78526, 78550, 78520, 78523, 78552, and 78521.
Brownsville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Brownsville, TX metropolitan area was $724, which is 13.30% lower than 2014 average rent. This represents a compounded annual growth rate of 2.53%. 2019 vacancy in Brownsville, TX was 2.20%.
The total population of the city of Brownsville, TX has grown 4.78% since 2010. As of 2018, the population was 183,392. The median household income of the Brownsville was $36,499, which is 39.46% lower than the national average.
- metropolitan area Brownsville-Harlingen, TX
- avg rent $724
- rent growth 13.30%
- vacancy 2.20%
- median income $36,499
- population (2018) 183,392
- population growth 4.78%
- vs. nat'l avg 39.46%
- zip codes 78520 78521 78522 78523 78526 78550 78551 78552 78553
