1031 Exchange Strongsville, Ohio

 

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

Surrounding submarket Area

Strongsville, Ohio is a part of the Strongsville/Berea/Brook Park Submarket submarket area, and contains zip codes 44136 and 44149.

Strongsville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Strongsville, OH submarket area was $896, which is 26.91% higher than 2014 average rent. This represents a compounded annual growth rate of 4.88%. 2019 vacancy in Strongsville, OH was 1.80%.

The total population of the city of Strongsville, OH has grown 0.23% since 2010. As of 2018, the population was 44,853. The median household income of the Strongsville was $87,264, which is 44.73% higher than the national average.

  • submarket area Strongsville / Berea / Brook Park Submarket
  • avg rent $896
  • rent growth 26.91%
  • vacancy 1.80%
  • median income $87,264
  • population (2018) 44,853
  • population growth 0.23%
  • vs. nat'l avg 44.73%
  • zip codes 44136 44149

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