1031 Exchange Annapolis, Maryland

 

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

Surrounding submarket Area

Annapolis, Maryland is a part of the Annapolis/Crofton Submarket submarket area, and contains 8 zip codes, including: 21411, 21403, 21405, 21402, 21409, and 21412.

Annapolis Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Annapolis, MD submarket area was $1,809, which is 18.78% higher than 2014 average rent. This represents a compounded annual growth rate of 3.50%. 2019 vacancy in Annapolis, MD was 4.00%.

The total population of the city of Annapolis, MD has grown 2.03% since 2010. As of 2018, the population was 39,174. The median household income of the Annapolis was $83,948, which is 39.23% higher than the national average.

  • submarket area Annapolis / Crofton Submarket
  • avg rent $1,809
  • rent growth 18.78%
  • vacancy 4.00%
  • median income $83,948
  • population (2018) 39,174
  • population growth 2.03%
  • vs. nat'l avg 39.23%
  • zip codes 21401 21402 21403 21404 21405 21409 21411 21412

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