Rent, population, and median household income are important factors to consider for a 1031 exchange in Wauwatosa due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Wauwatosa, Wisconsin is a part of the Wauwatosa/West Allis Submarket submarket area.
Wauwatosa Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Wauwatosa, WI submarket area was $1,119, which is 26.44% higher than 2014 average rent. This represents a compounded annual growth rate of 4.80%. 2019 vacancy in Wauwatosa, WI was 5.90%.
The total population of the city of Wauwatosa, WI has grown 4.27% since 2010. As of 2018, the population was 48,376. The median household income of the Wauwatosa was $79,757, which is 32.28% higher than the national average.
- submarket area Wauwatosa / West Allis Submarket
- avg rent $1,119
- rent growth 26.44%
- vacancy 5.90%
- median income $79,757
- population (2018) 48,376
- population growth 4.27%
- vs. nat'l avg 32.28%