1031 Exchange Inkster, Michigan

 

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

Surrounding submarket Area

Inkster, Michigan is a part of the Dearborn/Dearborn Heights Submarket submarket area, and contains zip code 48141.

Inkster Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Inkster, 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 Inkster, MI was 2.40%.

The total population of the city of Inkster, MI has decreased 3.89% since 2010. As of 2018, the population was 24,381. The median household income of the Inkster was $54,102, which is 10.27% lower than the national average.

  • submarket area Dearborn / Dearborn Heights Submarket
  • avg rent $995
  • rent growth 16.51%
  • vacancy 2.40%
  • median income $54,102
  • population (2018) 24,381
  • population growth -3.89%
  • vs. nat'l avg 10.27%
  • zip code 48141

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