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