Rent, population, and median household income are important factors to consider for a 1031 exchange in Waukesha due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Waukesha, Wisconsin is a part of the West Waukesha County Submarket submarket area, and contains 4 zip codes: 53188, 53187, 53189, and 53186.
Waukesha Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Waukesha, WI submarket area was $1,048, which is 17.09% higher than 2014 average rent. This represents a compounded annual growth rate of 3.21%. 2019 vacancy in Waukesha, WI was 3.30%.
The total population of the city of Waukesha, WI has grown 2.59% since 2010. As of 2018, the population was 72,549. The median household income of the Waukesha was $62,016, which is 2.86% higher than the national average.
- submarket area West Waukesha County Submarket
- avg rent $1,048
- rent growth 17.09%
- vacancy 3.30%
- median income $62,016
- population (2018) 72,549
- population growth 2.59%
- vs. nat'l avg 2.86%
- zip codes 53186 53187 53188 53189