1031 Exchange Mound, Minnesota

 

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

Surrounding submarket Area

Mound, Minnesota is a part of the West Submarket submarket area, and contains zip code 55364.

Mound Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Mound, MN submarket area was $1,424, which is 23.40% higher than 2014 average rent. This represents a compounded annual growth rate of 4.29%. 2019 vacancy in Mound, MN was 3.80%.

The total population of the city of Mound, MN has grown 5.28% since 2010. As of 2018, the population was 9,530. The median household income of the Mound was $86,432, which is 43.35% higher than the national average.

  • submarket area West Submarket
  • avg rent $1,424
  • rent growth 23.40%
  • vacancy 3.80%
  • median income $86,432
  • population (2018) 9,530
  • population growth 5.28%
  • vs. nat'l avg 43.35%
  • zip code 55364

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