1031 Exchange Ramsey, Minnesota

 

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

Surrounding submarket Area

Ramsey, Minnesota is a part of the Northwest/Anoka County Submarket submarket area.

Ramsey Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Ramsey, MN submarket area was $1,132, which is 22.78% higher than 2014 average rent. This represents a compounded annual growth rate of 4.19%. 2019 vacancy in Ramsey, MN was 4.40%.

The total population of the city of Ramsey, MN has grown 13.77% since 2010. As of 2018, the population was 26,928. The median household income of the Ramsey was $96,692, which is 60.37% higher than the national average.

  • submarket area Northwest / Anoka County Submarket
  • avg rent $1,132
  • rent growth 22.78%
  • vacancy 4.40%
  • median income $96,692
  • population (2018) 26,928
  • population growth 13.77%
  • vs. nat'l avg 60.37%

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