1031 Exchange Longview, Texas

 

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

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