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1031 Exchange Flint, Michigan

 

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

Surrounding metropolitan area Area

Flint, Michigan is a part of the Flint, MI metropolitan area area, and contains 17 zip codes, including: 48555, 48550, 48503, 48554, 48507, and 48505.

Flint Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Flint, MI metropolitan area area was $631, which is 8.79% lower than 2014 average rent. This represents a compounded annual growth rate of 1.70%. 2019 vacancy in Flint, MI was 4.40%.

The total population of the city of Flint, MI has decreased 6.34% since 2010. As of 2018, the population was 95,943. The median household income of the Flint was $27,717, which is 54.03% lower than the national average.

  • metropolitan area area Flint, MI
  • avg rent $631
  • rent growth 8.79%
  • vacancy 4.40%
  • median income $27,717
  • population (2018) 95,943
  • population growth -6.34%
  • vs. nat'l avg 54.03%
  • zip codes 48501 48502 48503 48504 48505 48506 48507 48531 48532 48550 48551 48552 48553 48554 48555 48556 48557

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