Rent, population, and median household income are important factors to consider for a 1031 exchange in Mount Clemens due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mount Clemens, Michigan is a part of the Macomb County Submarket submarket area, and contains zip codes 48043 and 48046.
Mount Clemens Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mount Clemens, 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 Mount Clemens, MI was 3.20%.
The total population of the city of Mount Clemens, MI has decreased 0.37% since 2010. As of 2018, the population was 16,253. The median household income of the Mount Clemens was $43,156, which is 28.42% lower than the national average.
- submarket area Macomb County Submarket
- avg rent $919
- rent growth 15.45%
- vacancy 3.20%
- median income $43,156
- population (2018) 16,253
- population growth -0.37%
- vs. nat'l avg 28.42%
- zip codes 48043 48046