1031 Exchange Eastpointe, Michigan

 

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

Surrounding submarket Area

Eastpointe, Michigan is a part of the Macomb County Submarket submarket area, and contains zip code 48021.

Eastpointe Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Eastpointe, MI submarket area was $919, which is 15.45% lower than 2014 average rent. This represents a compounded annual growth rate of 2.92%. 2019 vacancy in Eastpointe, MI was 3.20%.

The total population of the city of Eastpointe, MI has decreased 0.29% since 2010. As of 2018, the population was 32,347. The median household income of the Eastpointe was $46,601, which is 22.71% lower than the national average.

  • submarket area Macomb County Submarket
  • avg rent $919
  • rent growth 15.45%
  • vacancy 3.20%
  • median income $46,601
  • population (2018) 32,347
  • population growth -0.29%
  • vs. nat'l avg 22.71%
  • zip code 48021

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