Rent, population, and median household income are important factors to consider for a 1031 exchange in Coppell due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Coppell, Texas is a part of the Carrollton/Addison/Coppell submarket area, and contains zip codes 75019 and 75099.
Coppell Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Coppell, 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 Coppell, TX was 4.80%.
The total population of the city of Coppell, TX has grown 8.17% since 2010. As of 2018, the population was 41,818. The median household income of the Coppell was $123,802, which is 105.33% higher than the national average.
- submarket area Carrollton / Addison / Coppell
- avg rent $1,095
- rent growth 19.41%
- vacancy 4.80%
- median income $123,802
- population (2018) 41,818
- population growth 8.17%
- vs. nat'l avg 105.33%
- zip codes 75019 75099