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