vi

1031 Exchange Lubbock, Texas

 

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

Surrounding metropolitan area Area

Lubbock, Texas is a part of the Lubbock, TX metropolitan area area, and contains 26 zip codes, including: 79453, 79411, 79414, 79406, 79402, and 79499.

Lubbock Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lubbock, TX metropolitan area area was $785, which is 7.83% lower than 2014 average rent. This represents a compounded annual growth rate of 1.52%. 2019 vacancy in Lubbock, TX was 5.90%.

The total population of the city of Lubbock, TX has grown 11.46% since 2010. As of 2018, the population was 48,701. The median household income of the Lubbock was $255,885, which is 19.23% lower than the national average.

  • metropolitan area area Lubbock, TX
  • avg rent $785
  • rent growth 7.83%
  • vacancy 5.90%
  • median income $255,885
  • population (2018) 48,701
  • population growth 11.46%
  • vs. nat'l avg 19.23%
  • zip codes 79401 79402 79403 79404 79406 79407 79408 79409 79410 79411 79412 79413 79414 79415 79416 79423 79424 79430 79452 79453 79457 79464 79490 79491 79493 79499

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities