Rent, population, and median household income are important factors to consider for a 1031 exchange in Texarkana due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Texarkana, Texas is a part of the Texarkana, TX-AR metropolitan area area, and contains 6 zip codes: 75504, 75505, 75503, 75599, 75501, and 75507.
Texarkana Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Texarkana, TX metropolitan area area was $693, which is 13.61% lower than 2014 average rent. This represents a compounded annual growth rate of 2.58%. 2019 vacancy in Texarkana, TX was 1.40%.
The total population of the city of Texarkana, TX has grown 0.18% since 2010. As of 2018, the population was 38,701. The median household income of the Texarkana was $29,972, which is 35.81% lower than the national average.
- metropolitan area area Texarkana, TX-AR
- avg rent $693
- rent growth 13.61%
- vacancy 1.40%
- median income $29,972
- population (2018) 38,701
- population growth 0.18%
- vs. nat'l avg 35.81%
- zip codes 75501 75503 75504 75505 75507 75599