1031 Exchange Round Rock, Texas

 

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

Surrounding submarket Area

Round Rock, Texas is a part of the Round Rock/Georgetown/Hutto submarket area, and contains 6 zip codes: 78664, 78681, 78682, 78683, 78665, and 78680.

Round Rock Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Round Rock, TX submarket area was $1,151, which is 17.21% higher than 2014 average rent. This represents a compounded annual growth rate of 3.23%. 2019 vacancy in Round Rock, TX was 6.20%.

The total population of the city of Round Rock, TX has grown 28.88% since 2010. As of 2018, the population was 128,739. The median household income of the Round Rock was $80,637, which is 33.74% higher than the national average.

  • submarket area Round Rock / Georgetown / Hutto
  • avg rent $1,151
  • rent growth 17.21%
  • vacancy 6.20%
  • median income $80,637
  • population (2018) 128,739
  • population growth 28.88%
  • vs. nat'l avg 33.74%
  • zip codes 78664 78665 78680 78681 78682 78683

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