Rent, population, and median household income are important factors to consider for a 1031 exchange in West Allis due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
West Allis, Wisconsin is a part of the Wauwatosa/West Allis Submarket submarket area.
West Allis Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the West Allis, WI submarket area was $1,119, which is 26.44% lower than 2014 average rent. This represents a compounded annual growth rate of 4.80%. 2019 vacancy in West Allis, WI was 5.90%.
The total population of the city of West Allis, WI has decreased 1.52% since 2010. As of 2018, the population was 59,492. The median household income of the West Allis was $49,427, which is 18.02% lower than the national average.
- submarket area Wauwatosa / West Allis Submarket
- avg rent $1,119
- rent growth 26.44%
- vacancy 5.90%
- median income $49,427
- population (2018) 59,492
- population growth -1.52%
- vs. nat'l avg 18.02%