1031 Exchange Ypsilanti, Michigan

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Ypsilanti due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Ypsilanti, Michigan is a part of the Ann Arbor Submarket submarket area, and contains zip codes 48197 and 18198.

Ypsilanti Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Ypsilanti, MI submarket area was $1,264, which is 24.53% lower than 2014 average rent. This represents a compounded annual growth rate of 4.49%. 2019 vacancy in Ypsilanti, MI was 2.10%.

The total population of the city of Ypsilanti, MI has grown 8.03% since 2010. As of 2018, the population was 20,995. The median household income of the Ypsilanti was $36,982, which is 38.66% lower than the national average.

  • submarket area Ann Arbor Submarket
  • avg rent $1,264
  • rent growth 24.53%
  • vacancy 2.10%
  • median income $36,982
  • population (2018) 20,995
  • population growth 8.03%
  • vs. nat'l avg 38.66%
  • zip codes 48197 18198

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