Rent, population, and median household income are important factors to consider for a 1031 exchange in Anoka due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Anoka, Minnesota is a part of the Northwest/Anoka County Submarket submarket area, and contains zip code 55303.
Anoka Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Anoka, MN submarket area was $1,132, which is 22.78% lower than 2014 average rent. This represents a compounded annual growth rate of 4.19%. 2019 vacancy in Anoka, MN was 4.40%.
The total population of the city of Anoka, MN has grown 2.34% since 2010. As of 2018, the population was 17,543. The median household income of the Anoka was $54,171, which is 10.15% lower than the national average.
- submarket area Northwest / Anoka County Submarket
- avg rent $1,132
- rent growth 22.78%
- vacancy 4.40%
- median income $54,171
- population (2018) 17,543
- population growth 2.34%
- vs. nat'l avg 10.15%
- zip code 55303
