Rent, population, and median household income are important factors to consider for a 1031 exchange in Fridley due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Fridley, Minnesota is a part of the Northwest/Anoka County Submarket submarket area.
Fridley Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fridley, 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 Fridley, MN was 4.40%.
The total population of the city of Fridley, MN has grown 22.17% since 2010. As of 2018, the population was 27,742. The median household income of the Fridley was $59,770, which is 0.87% lower than the national average.
- submarket area Northwest / Anoka County Submarket
- avg rent $1,132
- rent growth 22.78%
- vacancy 4.40%
- median income $59,770
- population (2018) 27,742
- population growth 22.17%
- vs. nat'l avg 0.87%