1031 Exchange Odessa-Midland, Texas

 

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

Surrounding metropolitan Area

Odessa-Midland, Texas is a part of the Odessa, TX metropolitan area, and contains 20 zip codes, including: 79704, 79761, 79703, 79763, 79706, and 79701.

Odessa-Midland Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Odessa-Midland, TX metropolitan area was $1,381, which is 21.25% higher than 2014 average rent. This represents a compounded annual growth rate of 3.93%. 2019 vacancy in Odessa-Midland, TX was 5.50%.

The total population of the city of Odessa-Midland, TX has grown 28.07% since 2010. As of 2018, the population was 142,344. The median household income of the Odessa-Midland was $79,744, which is 32.26% higher than the national average.

  • metropolitan area Odessa, TX
  • avg rent $1,381
  • rent growth 21.25%
  • vacancy 5.50%
  • median income $79,744
  • population (2018) 142,344
  • population growth 28.07%
  • vs. nat'l avg 32.26%
  • zip codes 79760 79761 79762 79763 79764 79765 79766 79768 79769 79701 79702 79703 79704 79705 79706 79707 79708 79710 79711 79712

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