1031 Exchange Eden Prairie, Minnesota

 

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

Surrounding submarket Area

Eden Prairie, Minnesota is a part of the Southwest Submarket submarket area, and contains 3 zip codes: 55346, 55347, and 55344.

Eden Prairie Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Eden Prairie, MN submarket area was $1,310, which is 19.96% higher than 2014 average rent. This represents a compounded annual growth rate of 3.71%. 2019 vacancy in Eden Prairie, MN was 3.10%.

The total population of the city of Eden Prairie, MN has grown 5.82% since 2010. As of 2018, the population was 64,334. The median household income of the Eden Prairie was $106,555, which is 76.73% higher than the national average.

  • submarket area Southwest Submarket
  • avg rent $1,310
  • rent growth 19.96%
  • vacancy 3.10%
  • median income $106,555
  • population (2018) 64,334
  • population growth 5.82%
  • vs. nat'l avg 76.73%
  • zip codes 55344 55346 55347

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