1031 Exchange Fraser, Michigan

 

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

Surrounding submarket Area

Fraser, Michigan is a part of the Macomb County Submarket submarket area, and contains zip code 48026.

Fraser Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Fraser, 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 Fraser, MI was 3.20%.

The total population of the city of Fraser, MI has grown 0.61% since 2010. As of 2018, the population was 14,568. The median household income of the Fraser was $56,732, which is 5.91% lower than the national average.

  • submarket area Macomb County Submarket
  • avg rent $919
  • rent growth 15.45%
  • vacancy 3.20%
  • median income $56,732
  • population (2018) 14,568
  • population growth 0.61%
  • vs. nat'l avg 5.91%
  • zip code 48026

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