Rent, population, and median household income are important factors to consider for a 1031 exchange in Upper Arlington due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Upper Arlington, Ohio is a part of the Upper Alrington/North Columbus Submarket submarket area.
Upper Arlington Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Upper Arlington, OH submarket area was $1,048, which is 30.35% higher than 2014 average rent. This represents a compounded annual growth rate of 5.44%. 2019 vacancy in Upper Arlington, OH was 5.00%.
The total population of the city of Upper Arlington, OH has grown 5.18% since 2010. As of 2018, the population was 35,522. The median household income of the Upper Arlington was $115,093, which is 90.89% higher than the national average.
- submarket area Upper Alrington / North Columbus Submarket
- avg rent $1,048
- rent growth 30.35%
- vacancy 5.00%
- median income $115,093
- population (2018) 35,522
- population growth 5.18%
- vs. nat'l avg 90.89%