Rent, population, and median household income are important factors to consider for a 1031 exchange in Kettering due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Kettering, Ohio is a part of the South Submarket submarket area.
Kettering Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kettering, OH submarket area was $880, which is 19.40% lower than 2014 average rent. This represents a compounded annual growth rate of 3.61%. 2019 vacancy in Kettering, OH was 5.10%.
The total population of the city of Kettering, OH has decreased 1.89% since 2010. As of 2018, the population was 55,103. The median household income of the Kettering was $56,893, which is 5.64% lower than the national average.
- submarket area South Submarket
- avg rent $880
- rent growth 19.40%
- vacancy 5.10%
- median income $56,893
- population (2018) 55,103
- population growth -1.89%
- vs. nat'l avg 5.64%
