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