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1031 Exchange Clawson, Michigan

 

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

Surrounding submarket Area

Clawson, Michigan is a part of the Troy Submarket submarket area, and contains zip code 48017.

Clawson Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Clawson, MI submarket area was $1,293, which is 13.72% higher than 2014 average rent. This represents a compounded annual growth rate of 2.60%. 2019 vacancy in Clawson, MI was 2.00%.

The total population of the city of Clawson, MI has grown 0.94% since 2010. As of 2018, the population was 11,936. The median household income of the Clawson was $67,237, which is 11.52% higher than the national average.

  • submarket area Troy Submarket
  • avg rent $1,293
  • rent growth 13.72%
  • vacancy 2.00%
  • median income $67,237
  • population (2018) 11,936
  • population growth 0.94%
  • vs. nat'l avg 11.52%
  • zip code 48017

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