1031 Exchange St. Cloud, Minnesota

 

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

Surrounding metropolitan Area

St. Cloud, Minnesota is a part of the St. Cloud, MN metropolitan area, and contains 11 zip codes, including: 56396, 56301, 56395, 56393, 56303, and 56399.

St. Cloud Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the St. Cloud, MN metropolitan area was $831, which is 10.21% lower than 2014 average rent. This represents a compounded annual growth rate of 1.96%. 2019 vacancy in St. Cloud, MN was 2.60%.

The total population of the city of St. Cloud, MN has grown 3.34% since 2010. As of 2018, the population was 68,043. The median household income of the St. Cloud was $46,854, which is 22.29% lower than the national average.

  • metropolitan area St. Cloud, MN
  • avg rent $831
  • rent growth 10.21%
  • vacancy 2.60%
  • median income $46,854
  • population (2018) 68,043
  • population growth 3.34%
  • vs. nat'l avg 22.29%
  • zip codes 56301 56302 56303 56304 56372 56393 56395 56396 56397 56398 56399

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