1031 Exchange Pontiac, Michigan

 

Surrounding submarket Area

Pontiac, Michigan is a part of the Pontiac/Waterford Submarket submarket area, and contains 4 zip codes: 48341, 48343, 48342, and 48340.

Pontiac Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Pontiac, MI submarket area was $1,113, which is 19.55% lower than 2014 average rent. This represents a compounded annual growth rate of 3.64%. 2019 vacancy in Pontiac, MI was 3.50%.

The total population of the city of Pontiac, MI has grown 0.43% since 2010. As of 2018, the population was 59,772. The median household income of the Pontiac was $33,006, which is 45.26% lower than the national average.

  • submarket area Pontiac / Waterford Submarket
  • avg rent $1,113
  • rent growth 19.55%
  • vacancy 3.50%
  • median income $33,006
  • population (2018) 59,772
  • population growth 0.43%
  • vs. nat'l avg 45.26%
  • zip codes 48340 48341 48342 48343

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