1031 Exchange Mount Rainier, Maryland

 

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

Surrounding submarket Area

Mount Rainier, Maryland is a part of the Hyattsville Submarket submarket area, and contains zip code 20712.

Mount Rainier Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Mount Rainier, MD submarket area was $1,448, which is 14.29% lower than 2014 average rent. This represents a compounded annual growth rate of 2.71%. 2019 vacancy in Mount Rainier, MD was 3.50%.

The total population of the city of Mount Rainier, MD has grown 0.30% since 2010. As of 2018, the population was 8,104. The median household income of the Mount Rainier was $53,869, which is 10.65% lower than the national average.

  • submarket area Hyattsville Submarket
  • avg rent $1,448
  • rent growth 14.29%
  • vacancy 3.50%
  • median income $53,869
  • population (2018) 8,104
  • population growth 0.30%
  • vs. nat'l avg 10.65%
  • zip code 20712

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