1031 Exchange Shoreline, Washington

 

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

Surrounding submarket Area

Shoreline, Washington is a part of the North Seattle/Northgate Submarket submarket area.

Shoreline Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Shoreline, WA submarket area was $1,810, which is 39.55% higher than 2014 average rent. This represents a compounded annual growth rate of 6.89%. 2019 vacancy in Shoreline, WA was 6.80%.

The total population of the city of Shoreline, WA has grown 7.07% since 2010. As of 2018, the population was 56,752. The median household income of the Shoreline was $80,489, which is 33.50% higher than the national average.

  • submarket area North Seattle / Northgate Submarket
  • avg rent $1,810
  • rent growth 39.55%
  • vacancy 6.80%
  • median income $80,489
  • population (2018) 56,752
  • population growth 7.07%
  • vs. nat'l avg 33.50%

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