Rent, population, and median household income are important factors to consider for a 1031 exchange in Stillwater due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Stillwater, Minnesota is a part of the Washington County Submarket submarket area, and contains zip codes 55082 and 55083.
Stillwater Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Stillwater, MN submarket area was $1,335, which is 18.56% higher than 2014 average rent. This represents a compounded annual growth rate of 3.46%. 2019 vacancy in Stillwater, MN was 3.00%.
The total population of the city of Stillwater, MN has grown 6.47% since 2010. As of 2018, the population was 19,404. The median household income of the Stillwater was $84,104, which is 39.49% higher than the national average.
- submarket area Washington County Submarket
- avg rent $1,335
- rent growth 18.56%
- vacancy 3.00%
- median income $84,104
- population (2018) 19,404
- population growth 6.47%
- vs. nat'l avg 39.49%
- zip codes 55082 55083