Rent, population, and median household income are important factors to consider for a 1031 exchange in St. Clair Shores due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
St. Clair Shores, Michigan is a part of the Macomb County Submarket submarket area, and contains 3 zip codes: 48080, 48082, and 48081.
St. Clair Shores Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the St. Clair Shores, 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 St. Clair Shores, MI was 3.20%.
The total population of the city of St. Clair Shores, MI has decreased 0.51% since 2010. As of 2018, the population was 59,409. The median household income of the St. Clair Shores was $58,012, which is 3.78% lower than the national average.
- submarket area Macomb County Submarket
- avg rent $919
- rent growth 15.45%
- vacancy 3.20%
- median income $58,012
- population (2018) 59,409
- population growth -0.51%
- vs. nat'l avg 3.78%
- zip codes 48080 48081 48082