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1031 Exchange Rowlett, Texas

 

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

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