Rent, population, and median household income are important factors to consider for a 1031 exchange in Carrollton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Carrollton, Texas is a part of the Carrollton/Addison/Coppell submarket area, and contains 4 zip codes: 75007, 75006, 75010, and 75011.
Carrollton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Carrollton, TX submarket area was $1,095, which is 19.41% higher than 2014 average rent. This represents a compounded annual growth rate of 3.61%. 2019 vacancy in Carrollton, TX was 4.80%.
The total population of the city of Carrollton, TX has grown 14.93% since 2010. As of 2018, the population was 136,879. The median household income of the Carrollton was $75,820, which is 25.75% higher than the national average.
- submarket area Carrollton / Addison / Coppell
- avg rent $1,095
- rent growth 19.41%
- vacancy 4.80%
- median income $75,820
- population (2018) 136,879
- population growth 14.93%
- vs. nat'l avg 25.75%
- zip codes 75006 75007 75010 75011