1031 Exchange Plano, Texas

 

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

Surrounding submarket Area

Plano, Texas is a part of the Plano/Allen/McKinney submarket area, and contains 9 zip codes, including: 75093, 75075, 75023, 75094, 75026, and 75025.

Plano Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Plano, TX submarket area was $1,501, which is 30.64% higher than 2014 average rent. This represents a compounded annual growth rate of 5.49%. 2019 vacancy in Plano, TX was 8.90%.

The total population of the city of Plano, TX has grown 10.86% since 2010. As of 2018, the population was 288,061. The median household income of the Plano was $92,121, which is 52.79% higher than the national average.

  • submarket area Plano / Allen / McKinney
  • avg rent $1,501
  • rent growth 30.64%
  • vacancy 8.90%
  • median income $92,121
  • population (2018) 288,061
  • population growth 10.86%
  • vs. nat'l avg 52.79%
  • zip codes 75023 75024 75025 75026 75074 75075 75086 75093 75094

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