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%
