1031 Exchange Saline, Michigan

 

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

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