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%
