Rent, population, and median household income are important factors to consider for a 1031 exchange in Kirkland due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Kirkland, Washington is a part of the Kirkland/Juanita Submarket submarket area, and contains 3 zip codes: 98034, 98033, and 98083.
Kirkland Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kirkland, WA submarket area was $2,131, which is 35.56% higher than 2014 average rent. This represents a compounded annual growth rate of 6.27%. 2019 vacancy in Kirkland, WA was 4.00%.
The total population of the city of Kirkland, WA has grown 83.57% since 2010. As of 2018, the population was 89,557. The median household income of the Kirkland was $109,715, which is 81.97% higher than the national average.
- submarket area Kirkland / Juanita Submarket
- avg rent $2,131
- rent growth 35.56%
- vacancy 4.00%
- median income $109,715
- population (2018) 89,557
- population growth 83.57%
- vs. nat'l avg 81.97%
- zip codes 98033 98034 98083