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1031 Exchange Leesburg, Virginia

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Leesburg due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Leesburg, Virginia is a part of the Loudoun County Submarket submarket area, and contains 4 zip codes: 20176, 20177, 20178, and 20175.

Leesburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Leesburg, VA submarket area was $1,833, which is 17.05% higher than 2014 average rent. This represents a compounded annual growth rate of 3.20%. 2019 vacancy in Leesburg, VA was 5.80%.

The total population of the city of Leesburg, VA has grown 26.52% since 2010. As of 2018, the population was 53,917. The median household income of the Leesburg was $109,176, which is 81.08% higher than the national average.

  • submarket area Loudoun County Submarket
  • avg rent $1,833
  • rent growth 17.05%
  • vacancy 5.80%
  • median income $109,176
  • population (2018) 53,917
  • population growth 26.52%
  • vs. nat'l avg 81.08%
  • zip codes 20175 20176 20177 20178

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