1031 Exchange Garland, Texas

 

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

Surrounding submarket Area

Garland, Texas is a part of the Garland submarket area, and contains 9 zip codes, including: 75047, 75041, 75040, 75049, 75042, and 75046.

Garland Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Garland, TX submarket area was $1,027, which is 33.20% lower than 2014 average rent. This represents a compounded annual growth rate of 5.90%. 2019 vacancy in Garland, TX was 7.80%.

The total population of the city of Garland, TX has grown 6.89% since 2010. As of 2018, the population was 242,507. The median household income of the Garland was $58,999, which is 2.15% lower than the national average.

  • submarket area Garland
  • avg rent $1,027
  • rent growth 33.20%
  • vacancy 7.80%
  • median income $58,999
  • population (2018) 242,507
  • population growth 6.89%
  • vs. nat'l avg 2.15%
  • zip codes 75040 75041 75042 75043 75044 75045 75046 75047 75049

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