Rent, population, and median household income are important factors to consider for a 1031 exchange in Blaine due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Blaine, Minnesota is a part of the Northwest/Anoka County Submarket submarket area.
Blaine Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Blaine, MN submarket area was $1,132, which is 22.78% higher than 2014 average rent. This represents a compounded annual growth rate of 4.19%. 2019 vacancy in Blaine, MN was 4.40%.
The total population of the city of Blaine, MN has grown 14.03% since 2010. As of 2018, the population was 65,212. The median household income of the Blaine was $83,201, which is 37.99% higher than the national average.
- submarket area Northwest / Anoka County Submarket
- avg rent $1,132
- rent growth 22.78%
- vacancy 4.40%
- median income $83,201
- population (2018) 65,212
- population growth 14.03%
- vs. nat'l avg 37.99%
