Seeking 1% Growth Markets for 1031 Exchange (Multifamily Focus)

[Lambros Politis]

Hey BiggerPockets Community,

I'm currently planning a 1031 exchange and looking to identify markets with strong fundamentals for multifamily investment. I'm focusing on areas that exhibit the following key metrics, which I believe indicate a healthy and growing market:

• 1% or higher annual population growth: This suggests increasing demand for housing.
• 1% or higher annual job growth: A strong job market drives economic stability and housing demand.
• Median salary of $60,000 or more: This indicates affordability and a solid tenant base.

Ideally, I'm looking for markets where these three factors converge, creating a robust environment for multifamily investments.

My questions for the community are:

1. Which specific markets are currently meeting or exceeding these criteria? (Please provide data sources if possible.)
2. Are there any additional metrics or factors I should be considering when evaluating these markets for a 1031 exchange?
3. What are the potential risks or challenges associated with investing in these high-growth markets?
4. How are current interest rates impacting these markets and what future impacts do you forsee?
5. Are there any resources or tools you recommend for tracking these market trends?

I'm particularly interested in markets that offer a good balance of growth potential and affordability. Any insights or experiences you can share would be greatly appreciated.

Thanks in advance for your help!

Best regards, 

Lamb

[Ryan Spath]

Boise, Idaho. We have seen 1+% population growth for the past decade. Ada county job growth is 1.7% according to our regional commissioner. Our household income is ~88k. Micron is expanding here. Amazon already has a large distribution center. Meta has a facility in Kuna. Costco is expanding. The only downside is a lot of appartments has come online recently and there are a lot more in the works. I personally own SFH in Boise, Garden City, and Kuna. Hope this gives you somewhere to start. Happy to help more if you would like.