1031 Exchange Grove City, Ohio


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

Surrounding submarket Area

Grove City, Ohio is a part of the Grove City Submarket submarket area, and contains zip code 43123.

Grove City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Grove City, OH submarket area was $834, which is 16.16% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Grove City, OH was 5.20%.

The total population of the city of Grove City, OH has grown 17.01% since 2010. As of 2018, the population was 41,625. The median household income of the Grove City was $69,479, which is 15.24% higher than the national average.

  • submarket area Grove City Submarket
  • avg rent $834
  • rent growth 16.16%
  • vacancy 5.20%
  • median income $69,479
  • population (2018) 41,625
  • population growth 17.01%
  • vs. nat'l avg 15.24%
  • zip code 43123

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