1031 Exchange Seattle, Washington

 

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

Surrounding metropolitan Area

Seattle, Washington is a part of the Seattle-Tacoma-Bellevue, WA metropolitan area, and contains 59 zip codes, including: 98102, 98177, 98181, 98148, 98144, and 98188.

Seattle Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Seattle, WA metropolitan area was $1,807, which is 47.15% higher than 2014 average rent. This represents a compounded annual growth rate of 8.03%. 2019 vacancy in Seattle, WA was 5.60%.

The total population of the city of Seattle, WA has grown 22.39% since 2010. As of 2018, the population was 744,955. The median household income of the Seattle was $85,562, which is 41.91% higher than the national average.

  • metropolitan area Seattle-Tacoma-Bellevue, WA
  • avg rent $1,807
  • rent growth 47.15%
  • vacancy 5.60%
  • median income $85,562
  • population (2018) 744,955
  • population growth 22.39%
  • vs. nat'l avg 41.91%
  • zip codes 98101 98102 98103 98104 98105 98106 98107 98108 98109 98111 98112 98113 98114 98115 98116 98117 98118 98119 98121 98122 98124 98125 98126 98127 98129 98131 98133 98134 98136 98138 98139 98141 98144 98145 98146 98148 98154 98155 98158 98160 98161 98164 98165 98166 98168 98170 98174 98175 98177 98178 98181 98185 98188 98190 98191 98194 98195 98198 98199

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