Rent, population, and median household income are important factors to consider for a 1031 exchange in Bothell due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bothell, Washington is a part of the Bothell/Woodinville Submarket submarket area, and contains 4 zip codes: 98012, 98011, 98041, and 98021.
Bothell Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bothell, WA submarket area was $1,867, which is 51.05% higher than 2014 average rent. This represents a compounded annual growth rate of 8.60%. 2019 vacancy in Bothell, WA was 5.60%.
The total population of the city of Bothell, WA has grown 39.25% since 2010. As of 2018, the population was 46,657. The median household income of the Bothell was $94,986, which is 57.54% higher than the national average.
- submarket area Bothell / Woodinville Submarket
- avg rent $1,867
- rent growth 51.05%
- vacancy 5.60%
- median income $94,986
- population (2018) 46,657
- population growth 39.25%
- vs. nat'l avg 57.54%
- zip codes 98011 98012 98021 98041