1031 Exchange Stillwater, Minnesota

 

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

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