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
