Rent, population, and median household income are important factors to consider for a 1031 exchange in Edmonds due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Edmonds, Washington is a part of the Edmonds/Lynnwood Submarket submarket area, and contains zip codes 98020 and 98026.
Edmonds Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Edmonds, WA submarket area was $1,539, which is 46.71% higher than 2014 average rent. This represents a compounded annual growth rate of 7.97%. 2019 vacancy in Edmonds, WA was 3.30%.
The total population of the city of Edmonds, WA has grown 7.70% since 2010. As of 2018, the population was 42,767. The median household income of the Edmonds was $87,693, which is 45.44% higher than the national average.
- submarket area Edmonds / Lynnwood Submarket
- avg rent $1,539
- rent growth 46.71%
- vacancy 3.30%
- median income $87,693
- population (2018) 42,767
- population growth 7.70%
- vs. nat'l avg 45.44%
- zip codes 98020 98026
