Rent, population, and median household income are important factors to consider for a 1031 exchange in North Richland Hills due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
North Richland Hills, Texas is a part of the Northeast submarket area, and contains zip codes 76180 and 76182.
North Richland Hills Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the North Richland Hills, TX submarket area was $1,114, which is 20.96% higher than 2014 average rent. This represents a compounded annual growth rate of 3.88%. 2019 vacancy in North Richland Hills, TX was 3.30%.
The total population of the city of North Richland Hills, TX has grown 11.83% since 2010. As of 2018, the population was 68,146. The median household income of the North Richland Hills was $70,836, which is 13.02% higher than the national average.
- submarket area Northeast
- avg rent $1,114
- rent growth 20.96%
- vacancy 3.30%
- median income $70,836
- population (2018) 68,146
- population growth 11.83%
- vs. nat'l avg 13.02%
- zip codes 76180 76182