1031 Exchange Mesquite, Texas

 

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: 75149, 75181, 75150, 75185, and 75187.

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

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