Rent, population, and median household income are important factors to consider for a 1031 exchange in Oregon City due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Oregon City, Oregon is a part of the Milwaukie/Oregon Submarket submarket area, and contains zip code 97045.
Oregon City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Oregon City, OR submarket area was $1,423, which is 41.73% higher than 2014 average rent. This represents a compounded annual growth rate of 7.22%. 2019 vacancy in Oregon City, OR was 5.70%.
The total population of the city of Oregon City, OR has grown 16.54% since 2010. As of 2018, the population was 37,129. The median household income of the Oregon City was $71,856, which is 19.18% higher than the national average.
- submarket area Milwaukie / Oregon Submarket
- avg rent $1,423
- rent growth 41.73%
- vacancy 5.70%
- median income $71,856
- population (2018) 37,129
- population growth 16.54%
- vs. nat'l avg 19.18%
- zip code 97045