1031 Exchange St. Louis Park, Minnesota

 

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

Surrounding submarket Area

St. Louis Park, Minnesota is a part of the West Submarket submarket area.

St. Louis Park Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the St. Louis Park, 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 St. Louis Park, MN was 3.80%.

The total population of the city of St. Louis Park, MN has grown 8.37% since 2010. As of 2018, the population was 49,039. The median household income of the St. Louis Park was $75,690, which is 25.54% higher than the national average.

  • submarket area West Submarket
  • avg rent $1,424
  • rent growth 23.40%
  • vacancy 3.80%
  • median income $75,690
  • population (2018) 49,039
  • population growth 8.37%
  • vs. nat'l avg 25.54%

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