Rent, population, and median household income are important factors to consider for a 1031 exchange in Saginaw due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Saginaw, Michigan is a part of the Saginaw, MI metropolitan area area, and contains 11 zip codes, including: 48608, 48609, 48638, 48601, 48606, and 48603.
Saginaw Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Saginaw, MI metropolitan area area was $703, which is 8.99% lower than 2014 average rent. This represents a compounded annual growth rate of 1.74%. 2019 vacancy in Saginaw, MI was 3.50%.
The total population of the city of Saginaw, MI has decreased 6.18% since 2010. As of 2018, the population was 48,323. The median household income of the Saginaw was $29,885, which is 50.43% lower than the national average.
- metropolitan area area Saginaw, MI
- avg rent $703
- rent growth 8.99%
- vacancy 3.50%
- median income $29,885
- population (2018) 48,323
- population growth -6.18%
- vs. nat'l avg 50.43%
- zip codes 48601 48602 48603 48604 48605 48606 48607 48608 48609 48638 48663
