Rent, population, and median household income are important factors to consider for a 1031 exchange in Mesquite due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mesquite, Texas is a part of the Mesquite/Seagoville submarket area, and contains 5 zip codes: 75150, 75181, 75187, 75185, and 75149.
Mesquite Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mesquite, TX submarket area was $921, which is 20.08% lower than 2014 average rent. This represents a compounded annual growth rate of 3.73%. 2019 vacancy in Mesquite, TX was 2.30%.
The total population of the city of Mesquite, TX has grown 2.14% since 2010. As of 2018, the population was 56,074. The median household income of the Mesquite was $142,816, which is 7.00% lower than the national average.
- submarket area Mesquite / Seagoville
- avg rent $921
- rent growth 20.08%
- vacancy 2.30%
- median income $142,816
- population (2018) 56,074
- population growth 2.14%
- vs. nat'l avg 7.00%
- zip codes 75149 75150 75181 75185 75187