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
