Rent, population, and median household income are important factors to consider for a 1031 exchange in Roseville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Roseville, Michigan is a part of the Macomb County Submarket submarket area, and contains zip code 48066.
Roseville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Roseville, 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 Roseville, MI was 3.20%.
The total population of the city of Roseville, MI has grown 0.16% since 2010. As of 2018, the population was 47,377. The median household income of the Roseville was $43,713, which is 27.50% lower than the national average.
- submarket area Macomb County Submarket
- avg rent $919
- rent growth 15.45%
- vacancy 3.20%
- median income $43,713
- population (2018) 47,377
- population growth 0.16%
- vs. nat'l avg 27.50%
- zip code 48066
