Rent, population, and median household income are important factors to consider for a 1031 exchange in Rowlett due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Rowlett, Texas is a part of the Garland submarket area, and contains 3 zip codes: 75088, 75030, and 75089.
Rowlett Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Rowlett, TX submarket area was $1,027, which is 33.20% higher than 2014 average rent. This represents a compounded annual growth rate of 5.90%. 2019 vacancy in Rowlett, TX was 7.80%.
The total population of the city of Rowlett, TX has grown 17.95% since 2010. As of 2018, the population was 96,286. The median household income of the Rowlett was $66,285, which is 59.70% higher than the national average.
- submarket area Garland
- avg rent $1,027
- rent growth 33.20%
- vacancy 7.80%
- median income $66,285
- population (2018) 96,286
- population growth 17.95%
- vs. nat'l avg 59.70%
- zip codes 75030 75088 75089