1031 Exchange Maplewood, Minnesota

 

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

Surrounding submarket Area

Maplewood, Minnesota is a part of the Northeast Submarket submarket area.

Maplewood Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Maplewood, MN submarket area was $1,068, which is 15.84% higher than 2014 average rent. This represents a compounded annual growth rate of 2.98%. 2019 vacancy in Maplewood, MN was 2.10%.

The total population of the city of Maplewood, MN has grown 7.85% since 2010. As of 2018, the population was 41,004. The median household income of the Maplewood was $66,758, which is 10.72% higher than the national average.

  • submarket area Northeast Submarket
  • avg rent $1,068
  • rent growth 15.84%
  • vacancy 2.10%
  • median income $66,758
  • population (2018) 41,004
  • population growth 7.85%
  • vs. nat'l avg 10.72%

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