Rent, population, and median household income are important factors to consider for a 1031 exchange in Eagan due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Eagan, Minnesota is a part of the Dakota County Submarket submarket area.
Eagan Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Eagan, MN submarket area was $1,280, which is 25.74% higher than 2014 average rent. This represents a compounded annual growth rate of 4.69%. 2019 vacancy in Eagan, MN was 3.50%.
The total population of the city of Eagan, MN has grown 3.61% since 2010. As of 2018, the population was 66,527. The median household income of the Eagan was $88,370, which is 46.57% higher than the national average.
- submarket area Dakota County Submarket
- avg rent $1,280
- rent growth 25.74%
- vacancy 3.50%
- median income $88,370
- population (2018) 66,527
- population growth 3.61%
- vs. nat'l avg 46.57%