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1031 Exchange Gahanna, Ohio

 

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

Surrounding submarket Area

Gahanna, Ohio is a part of the Whitehall/Gahanna/Reynoldsburg Submarket submarket area.

Gahanna Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Gahanna, OH submarket area was $792, which is 15.62% higher than 2014 average rent. This represents a compounded annual growth rate of 2.95%. 2019 vacancy in Gahanna, OH was 4.20%.

The total population of the city of Gahanna, OH has grown 6.93% since 2010. As of 2018, the population was 35,551. The median household income of the Gahanna was $84,429, which is 40.03% higher than the national average.

  • submarket area Whitehall / Gahanna / Reynoldsburg Submarket
  • avg rent $792
  • rent growth 15.62%
  • vacancy 4.20%
  • median income $84,429
  • population (2018) 35,551
  • population growth 6.93%
  • vs. nat'l avg 40.03%

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