Rent, population, and median household income are important factors to consider for a 1031 exchange in Layton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Layton, Utah is a part of the Davis County Submarket submarket area, and contains zip codes 84040 and 84041.
Layton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Layton, 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 Layton, UT was 3.10%.
The total population of the city of Layton, UT has grown 14.84% since 2010. As of 2018, the population was 77,303. The median household income of the Layton was $74,888, which is 24.21% higher than the national average.
- submarket area Davis County Submarket
- avg rent $1,029
- rent growth 25.03%
- vacancy 3.10%
- median income $74,888
- population (2018) 77,303
- population growth 14.84%
- vs. nat'l avg 24.21%
- zip codes 84040 84041