Rent, population, and median household income are important factors to consider for a 1031 exchange in Victoria due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Victoria, Texas is a part of the Victoria, TX metropolitan area area, and contains 5 zip codes: 77905, 77901, 77904, 77902, and 77903.
Victoria Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Victoria, TX metropolitan area area was $856, which is 15.99% lower than 2014 average rent. This represents a compounded annual growth rate of 3.01%. 2019 vacancy in Victoria, TX was 2.60%.
The total population of the city of Victoria, TX has grown 7.07% since 2010. As of 2018, the population was 52,350. The median household income of the Victoria was $67,015, which is 13.17% lower than the national average.
- metropolitan area area Victoria, TX
- avg rent $856
- rent growth 15.99%
- vacancy 2.60%
- median income $67,015
- population (2018) 52,350
- population growth 7.07%
- vs. nat'l avg 13.17%
- zip codes 77901 77902 77903 77904 77905