1031 Exchange Waco, Texas

 

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

Surrounding metropolitan area Area

Waco, Texas is a part of the Waco, TX metropolitan area area, and contains 16 zip codes, including: 76703, 76710, 76797, 76702, 76701, and 76716.

Waco Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Waco, TX metropolitan area area was $804, which is 15.68% lower than 2014 average rent. This represents a compounded annual growth rate of 2.96%. 2019 vacancy in Waco, TX was 2.50%.

The total population of the city of Waco, TX has grown 10.72% since 2010. As of 2018, the population was 37,735. The median household income of the Waco was $138,183, which is 37.41% lower than the national average.

  • metropolitan area area Waco, TX
  • avg rent $804
  • rent growth 15.68%
  • vacancy 2.50%
  • median income $138,183
  • population (2018) 37,735
  • population growth 10.72%
  • vs. nat'l avg 37.41%
  • zip codes 76701 76702 76703 76704 76705 76706 76707 76708 76710 76711 76714 76715 76716 76797 76798 76799

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