Rent, population, and median household income are important factors to consider for a 1031 exchange in Lewisville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lewisville, Texas is a part of the Lewisville submarket area, and contains 4 zip codes: 75077, 75067, 75029, and 75057.
Lewisville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lewisville, TX submarket area was $1,314, which is 29.97% higher than 2014 average rent. This represents a compounded annual growth rate of 5.38%. 2019 vacancy in Lewisville, TX was 5.80%.
The total population of the city of Lewisville, TX has grown 11.85% since 2010. As of 2018, the population was 106,586. The median household income of the Lewisville was $63,056, which is 4.58% higher than the national average.
- submarket area Lewisville
- avg rent $1,314
- rent growth 29.97%
- vacancy 5.80%
- median income $63,056
- population (2018) 106,586
- population growth 11.85%
- vs. nat'l avg 4.58%
- zip codes 75029 75057 75067 75077