1031 Exchange Irving, Texas

 

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

Surrounding submarket Area

Irving, Texas is a part of the South Irving submarket area, and contains 12 zip codes, including: 75060, 75017, 75016, 75063, 75015, and 75014.

Irving Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Irving, TX submarket area was $918, which is 21.59% higher than 2014 average rent. This represents a compounded annual growth rate of 3.99%. 2019 vacancy in Irving, TX was 2.20%.

The total population of the city of Irving, TX has grown 12.00% since 2010. As of 2018, the population was 61,937. The median household income of the Irving was $242,242, which is 2.73% higher than the national average.

  • submarket area South Irving
  • avg rent $918
  • rent growth 21.59%
  • vacancy 2.20%
  • median income $242,242
  • population (2018) 61,937
  • population growth 12.00%
  • vs. nat'l avg 2.73%
  • zip codes 75014 75015 75016 75017 75038 75039 75059 75060 75061 75062 75063 75064

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities