Rent, population, and median household income are important factors to consider for a 1031 exchange in Grapevine due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Grapevine, Texas is a part of the Grapevine submarket area, and contains zip codes 76051 and 76099.
Grapevine Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Grapevine, TX submarket area was $1,244, which is 22.08% higher than 2014 average rent. This represents a compounded annual growth rate of 4.07%. 2019 vacancy in Grapevine, TX was 5.50%.
The total population of the city of Grapevine, TX has grown 16.49% since 2010. As of 2018, the population was 85,722. The median household income of the Grapevine was $53,976, which is 42.18% higher than the national average.
- submarket area Grapevine
- avg rent $1,244
- rent growth 22.08%
- vacancy 5.50%
- median income $53,976
- population (2018) 85,722
- population growth 16.49%
- vs. nat'l avg 42.18%
- zip codes 76051 76099