Rent, population, and median household income are important factors to consider for a 1031 exchange in Euclid due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Euclid, Ohio is a part of the Euclid Submarket submarket area, and contains 3 zip codes: 44117, 44132, and 44123.
Euclid Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Euclid, OH submarket area was $724, which is 8.87% lower than 2014 average rent. This represents a compounded annual growth rate of 1.71%. 2019 vacancy in Euclid, OH was 6.80%.
The total population of the city of Euclid, OH has decreased 4.04% since 2010. As of 2018, the population was 46,946. The median household income of the Euclid was $37,662, which is 37.54% lower than the national average.
- submarket area Euclid Submarket
- avg rent $724
- rent growth 8.87%
- vacancy 6.80%
- median income $37,662
- population (2018) 46,946
- population growth -4.04%
- vs. nat'l avg 37.54%
- zip codes 44117 44123 44132