Rent, population, and median household income are important factors to consider for a 1031 exchange in Jackson due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Jackson, Michigan is a part of the Jackson, MI metropolitan area area, and contains 4 zip codes: 49203, 49204, 49202, and 49201.
Jackson Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Jackson, MI metropolitan area area was $718, which is 10.12% lower than 2014 average rent. This represents a compounded annual growth rate of 1.95%. 2019 vacancy in Jackson, MI was 3.20%.
The total population of the city of Jackson, MI has decreased 2.77% since 2010. As of 2018, the population was 32,605. The median household income of the Jackson was $33,404, which is 44.60% lower than the national average.
- metropolitan area area Jackson, MI
- avg rent $718
- rent growth 10.12%
- vacancy 3.20%
- median income $33,404
- population (2018) 32,605
- population growth -2.77%
- vs. nat'l avg 44.60%
- zip codes 49201 49202 49203 49204