Rent, population, and median household income are important factors to consider for a 1031 exchange in Taylorsville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Taylorsville, Utah is a part of the Southwest Salt Lake Submarket submarket area.
Taylorsville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Taylorsville, UT submarket area was $919, which is 21.08% higher than 2014 average rent. This represents a compounded annual growth rate of 3.90%. 2019 vacancy in Taylorsville, UT was 2.50%.
The total population of the city of Taylorsville, UT has grown 2.63% since 2010. As of 2018, the population was 60,192. The median household income of the Taylorsville was $63,028, which is 4.54% higher than the national average.
- submarket area Southwest Salt Lake Submarket
- avg rent $919
- rent growth 21.08%
- vacancy 2.50%
- median income $63,028
- population (2018) 60,192
- population growth 2.63%
- vs. nat'l avg 4.54%