Rent, population, and median household income are important factors to consider for a 1031 exchange in Vadnais Heights due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Vadnais Heights, Minnesota is a part of the Northeast Submarket submarket area.
Vadnais Heights Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Vadnais Heights, MN submarket area was $1,068, which is 15.84% higher than 2014 average rent. This represents a compounded annual growth rate of 2.98%. 2019 vacancy in Vadnais Heights, MN was 2.10%.
The total population of the city of Vadnais Heights, MN has grown 10.52% since 2010. As of 2018, the population was 13,596. The median household income of the Vadnais Heights was $87,808, which is 45.64% higher than the national average.
- submarket area Northeast Submarket
- avg rent $1,068
- rent growth 15.84%
- vacancy 2.10%
- median income $87,808
- population (2018) 13,596
- population growth 10.52%
- vs. nat'l avg 45.64%