Rent, population, and median household income are important factors to consider for a 1031 exchange in West Jordan due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
West Jordan, Utah is a part of the West Jordan Submarket submarket area, and contains 3 zip codes: 84084, 84081, and 84088.
West Jordan Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the West Jordan, UT submarket area was $1,167, which is 19.69% higher than 2014 average rent. This represents a compounded annual growth rate of 3.66%. 2019 vacancy in West Jordan, UT was 4.60%.
The total population of the city of West Jordan, UT has grown 11.89% since 2010. As of 2018, the population was 116,046. The median household income of the West Jordan was $75,841, which is 25.79% higher than the national average.
- submarket area West Jordan Submarket
- avg rent $1,167
- rent growth 19.69%
- vacancy 4.60%
- median income $75,841
- population (2018) 116,046
- population growth 11.89%
- vs. nat'l avg 25.79%
- zip codes 84081 84084 84088
