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