1031 Exchange St. Clair Shores, Michigan

 

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

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