1031 Exchange Canton, Ohio

 

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

Surrounding metropolitan Area

Canton, Ohio is a part of the Canton-Massillon, OH metropolitan area, and contains 18 zip codes, including: 44735, 44709, 44718, 44703, 44704, and 44705.

Canton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Canton, OH metropolitan area was $697, which is 14.83% lower than 2014 average rent. This represents a compounded annual growth rate of 2.80%. 2019 vacancy in Canton, OH was 3.00%.

The total population of the city of Canton, OH has decreased 3.49% since 2010. As of 2018, the population was 70,458. The median household income of the Canton was $31,735, which is 47.37% lower than the national average.

  • metropolitan area Canton-Massillon, OH
  • avg rent $697
  • rent growth 14.83%
  • vacancy 3.00%
  • median income $31,735
  • population (2018) 70,458
  • population growth -3.49%
  • vs. nat'l avg 47.37%
  • zip codes 44701 44702 44703 44704 44705 44706 44707 44708 44709 44710 44711 44714 44718 44721 44735 44750 44767 44799

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities