Rent, population, and median household income are important factors to consider for a 1031 exchange in Saline due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Saline, Michigan is a part of the Ann Arbor Submarket submarket area, and contains zip code 48176.
Saline Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Saline, MI submarket area was $1,264, which is 24.53% higher than 2014 average rent. This represents a compounded annual growth rate of 4.49%. 2019 vacancy in Saline, MI was 2.10%.
The total population of the city of Saline, MI has grown 6.28% since 2010. As of 2018, the population was 9,363. The median household income of the Saline was $78,117, which is 29.56% higher than the national average.
- submarket area Ann Arbor Submarket
- avg rent $1,264
- rent growth 24.53%
- vacancy 2.10%
- median income $78,117
- population (2018) 9,363
- population growth 6.28%
- vs. nat'l avg 29.56%
- zip code 48176