Rent, population, and median household income are important factors to consider for a 1031 exchange in Laredo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Laredo, Texas is a part of the Laredo, TX metropolitan area area, and contains 7 zip codes, including: 78042, 78044, 78040, 78043, 78041, and 78045.
Laredo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Laredo, TX metropolitan area area was $891, which is 11.51% lower than 2014 average rent. This represents a compounded annual growth rate of 2.20%. 2019 vacancy in Laredo, TX was 4.20%.
The total population of the city of Laredo, TX has grown 10.82% since 2010. As of 2018, the population was 43,351. The median household income of the Laredo was $261,639, which is 28.10% lower than the national average.
- metropolitan area area Laredo, TX
- avg rent $891
- rent growth 11.51%
- vacancy 4.20%
- median income $261,639
- population (2018) 43,351
- population growth 10.82%
- vs. nat'l avg 28.10%
- zip codes 78040 78041 78042 78043 78044 78045 78046