1031 Exchange Sherman-Denison, Texas

 

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

Surrounding metropolitan area Area

Sherman-Denison, Texas is a part of the Sherman-Denison, TX metropolitan area area, and contains 5 zip codes: 75090, 75021, 75020, 75091, and 75092.

Sherman-Denison Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Sherman-Denison, TX metropolitan area area was $741, which is 17.06% lower than 2014 average rent. This represents a compounded annual growth rate of 3.20%. 2019 vacancy in Sherman-Denison, TX was 2.00%.

The total population of the city of Sherman-Denison, TX has grown 10.23% since 2010. As of 2018, the population was 46,940. The median household income of the Sherman-Denison was $42,462, which is 22.15% lower than the national average.

  • metropolitan area area Sherman-Denison, TX
  • avg rent $741
  • rent growth 17.06%
  • vacancy 2.00%
  • median income $42,462
  • population (2018) 46,940
  • population growth 10.23%
  • vs. nat'l avg 22.15%
  • zip codes 75090 75091 75092 75020 75021

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