1031 Exchange Mount Clemens, Michigan

 

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

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