Rent, population, and median household income are important factors to consider for a 1031 exchange in Windsor due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Windsor, Michigan is a part of the Downtown Submarket submarket area.
Windsor Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Windsor, MI submarket area was $1,268, which is 26.29% higher than 2014 average rent. This represents a compounded annual growth rate of 4.78%. 2019 vacancy in Windsor, MI was 4.40%.
The total population of the city of Windsor, MI has grown 2.28% since 2010. As of 2018, the population was 6,994. The median household income of the Windsor was $73,136, which is 21.30% higher than the national average.
- submarket area Downtown Submarket
- avg rent $1,268
- rent growth 26.29%
- vacancy 4.40%
- median income $73,136
- population (2018) 6,994
- population growth 2.28%
- vs. nat'l avg 21.30%