Rent, population, and median household income are important factors to consider for a 1031 exchange in Hamilton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hamilton, Ohio is a part of the Butler/Warren Counties Submarket submarket area, and contains 4 zip codes: 45011, 45012, 45015, and 45013.
Hamilton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hamilton, OH submarket area was $1,013, which is 18.07% lower than 2014 average rent. This represents a compounded annual growth rate of 3.38%. 2019 vacancy in Hamilton, OH was 4.20%.
The total population of the city of Hamilton, OH has decreased 0.48% since 2010. As of 2018, the population was 62,174. The median household income of the Hamilton was $43,280, which is 28.22% lower than the national average.
- submarket area Butler / Warren Counties Submarket
- avg rent $1,013
- rent growth 18.07%
- vacancy 4.20%
- median income $43,280
- population (2018) 62,174
- population growth -0.48%
- vs. nat'l avg 28.22%
- zip codes 45011 45012 45013 45015