1031 Exchange Garden City, Michigan

 

Surrounding submarket Area

Garden City, Michigan is a part of the Dearborn/Dearborn Heights Submarket submarket area, and contains zip codes 48135 and 48136.

Garden City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Garden City, MI submarket area was $995, which is 16.51% lower than 2014 average rent. This represents a compounded annual growth rate of 3.10%. 2019 vacancy in Garden City, MI was 2.40%.

The total population of the city of Garden City, MI has decreased 4.14% since 2010. As of 2018, the population was 26,545. The median household income of the Garden City was $32,183, which is 46.62% lower than the national average.

  • submarket area Dearborn / Dearborn Heights Submarket
  • avg rent $995
  • rent growth 16.51%
  • vacancy 2.40%
  • median income $32,183
  • population (2018) 26,545
  • population growth -4.14%
  • vs. nat'l avg 46.62%
  • zip codes 48135 48136

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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