1031 Exchange Woodbury, Minnesota

 

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

Surrounding submarket Area

Woodbury, Minnesota is a part of the Washington County Submarket submarket area.

Woodbury Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Woodbury, 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 Woodbury, MN was 3.00%.

The total population of the city of Woodbury, MN has grown 15.08% since 2010. As of 2018, the population was 71,306. The median household income of the Woodbury was $105,393, which is 74.80% higher than the national average.

  • submarket area Washington County Submarket
  • avg rent $1,335
  • rent growth 18.56%
  • vacancy 3.00%
  • median income $105,393
  • population (2018) 71,306
  • population growth 15.08%
  • vs. nat'l avg 74.80%

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