Rent, population, and median household income are important factors to consider for a 1031 exchange in Longview due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Longview, Texas is a part of the Longview, TX metropolitan area area, and contains 9 zip codes, including: 75602, 75601, 75605, 75608, 75604, and 75603.
Longview Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Longview, TX metropolitan area area was $730, which is 7.04% lower than 2014 average rent. This represents a compounded annual growth rate of 1.37%. 2019 vacancy in Longview, TX was 3.30%.
The total population of the city of Longview, TX has grown 1.48% since 2010. As of 2018, the population was 47,950. The median household income of the Longview was $81,647, which is 20.47% lower than the national average.
- metropolitan area area Longview, TX
- avg rent $730
- rent growth 7.04%
- vacancy 3.30%
- median income $81,647
- population (2018) 47,950
- population growth 1.48%
- vs. nat'l avg 20.47%
- zip codes 75601 75602 75603 75604 75605 75606 75607 75608 75615
