1031 Exchange North Richland Hills, Texas


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

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