Rent, population, and median household income are important factors to consider for a 1031 exchange in Ogden due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ogden, Utah is a part of the Weber County Submarket submarket area, and contains 13 zip codes, including: 84201, 84412, 84415, 84407, 84414, and 84408.
Ogden Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ogden, UT submarket area was $901, which is 27.80% lower than 2014 average rent. This represents a compounded annual growth rate of 5.03%. 2019 vacancy in Ogden, UT was 5.20%.
The total population of the city of Ogden, UT has grown 5.43% since 2010. As of 2018, the population was 87,325. The median household income of the Ogden was $46,807, which is 22.37% lower than the national average.
- submarket area Weber County Submarket
- avg rent $901
- rent growth 27.80%
- vacancy 5.20%
- median income $46,807
- population (2018) 87,325
- population growth 5.43%
- vs. nat'l avg 22.37%
- zip codes 84201 84244 84401 84402 84403 84404 84405 84407 84408 84409 84412 84414 84415
