1031 Exchange North Olmsted, Ohio

 

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

Surrounding submarket Area

North Olmsted, Ohio is a part of the North Olmsted/Fairview Park Submarket submarket area, and contains zip code 44070.

North Olmsted Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the North Olmsted, OH submarket area was $814, which is 10.00% higher than 2014 average rent. This represents a compounded annual growth rate of 1.92%. 2019 vacancy in North Olmsted, OH was 1.70%.

The total population of the city of North Olmsted, OH has decreased 3.44% since 2010. As of 2018, the population was 31,591. The median household income of the North Olmsted was $63,701, which is 5.65% higher than the national average.

  • submarket area North Olmsted / Fairview Park Submarket
  • avg rent $814
  • rent growth 10.00%
  • vacancy 1.70%
  • median income $63,701
  • population (2018) 31,591
  • population growth -3.44%
  • vs. nat'l avg 5.65%
  • zip code 44070

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities