Rent, population, and median household income are important factors to consider for a 1031 exchange in Bountiful due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bountiful, Utah is a part of the Davis County Submarket submarket area, and contains zip codes 84010 and 84011.
Bountiful Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bountiful, UT submarket area was $1,029, which is 25.03% higher than 2014 average rent. This represents a compounded annual growth rate of 4.57%. 2019 vacancy in Bountiful, UT was 3.10%.
The total population of the city of Bountiful, UT has decreased 3.19% since 2010. As of 2018, the population was 44,098. The median household income of the Bountiful was $72,796, which is 20.74% higher than the national average.
- submarket area Davis County Submarket
- avg rent $1,029
- rent growth 25.03%
- vacancy 3.10%
- median income $72,796
- population (2018) 44,098
- population growth -3.19%
- vs. nat'l avg 20.74%
- zip codes 84010 84011
