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1031 Exchange St. Paul, Minnesota

 

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

Surrounding submarket Area

St. Paul, Minnesota is a part of the St. Paul Submarket submarket area, and contains 38 zip codes, including: 55108, 55145, 55168, 55106, 55188, and 55102.

St. Paul Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the St. Paul, MN submarket area was $1,332, which is 24.60% lower than 2014 average rent. This represents a compounded annual growth rate of 4.50%. 2019 vacancy in St. Paul, MN was 3.70%.

The total population of the city of St. Paul, MN has grown 7.94% since 2010. As of 2018, the population was 307,695. The median household income of the St. Paul was $55,085, which is 8.64% lower than the national average.

  • submarket area St. Paul Submarket
  • avg rent $1,332
  • rent growth 24.60%
  • vacancy 3.70%
  • median income $55,085
  • population (2018) 307,695
  • population growth 7.94%
  • vs. nat'l avg 8.64%
  • zip codes 55101 55102 55103 55104 55105 55106 55107 55108 55109 55110 55112 55113 55114 55116 55117 55119 55126 55127 55119 55126 55127 55130 55133 55144 55145 55146 55155 55164 55165 55166 55168 55169 55170 55171 55172 55175 55187 55188

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