1031 Exchange Charleston, West Virginia

 

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

Surrounding metropolitan Area

Charleston, West Virginia is a part of the Charleston, WV metropolitan area, and contains 45 zip codes, including: 25313, 25333, 25338, 25387, 25337, and 25334.

Charleston Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Charleston, WV metropolitan area was $816, which is 9.09% lower than 2014 average rent. This represents a compounded annual growth rate of 1.76%. 2019 vacancy in Charleston, WV was 3.40%.

The total population of the city of Charleston, WV has decreased 8.14% since 2010. As of 2018, the population was 47,215. The median household income of the Charleston was $41,701, which is 30.84% lower than the national average.

  • metropolitan area Charleston, WV
  • avg rent $816
  • rent growth 9.09%
  • vacancy 3.40%
  • median income $41,701
  • population (2018) 47,215
  • population growth -8.14%
  • vs. nat'l avg 30.84%
  • zip codes 25301 25302 25304 25305 25306 25311 25312 25313 25314 25315 25317 25320 25321 25322 25323 25324 25325 25326 25327 25328 25329 25330 25331 25332 25333 25334 25335 25336 25337 25338 25339 25350 25356 25357 25358 25360 25361 25362 25364 25365 25375 25387 25389 25392 25396

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