Rent, population, and median household income are important factors to consider for a 1031 exchange in St. Anthony due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
St. Anthony, Minnesota is a part of the Minneapolis Submarket submarket area.
St. Anthony Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the St. Anthony, MN submarket area was $1,711, which is 26.83% higher than 2014 average rent. This represents a compounded annual growth rate of 4.87%. 2019 vacancy in St. Anthony, MN was 5.60%.
The total population of the city of St. Anthony, MN has grown 10.21% since 2010. As of 2018, the population was 9,066. The median household income of the St. Anthony was $70,503, which is 16.93% higher than the national average.
- submarket area Minneapolis Submarket
- avg rent $1,711
- rent growth 26.83%
- vacancy 5.60%
- median income $70,503
- population (2018) 9,066
- population growth 10.21%
- vs. nat'l avg 16.93%