1031 Exchange Berlin, Connecticut

 

Surrounding submarket Area

Berlin, Connecticut is a part of the Southwest Submarket submarket area, and contains zip code 6037.

Berlin Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Berlin, CT submarket area was $1,049, which is 8.03% higher than 2014 average rent. This represents a compounded annual growth rate of 1.56%. 2019 vacancy in Berlin, CT was 4.00%.

The total population of the city of Berlin, CT has grown 2.85% since 2010. As of 2018, the population was 20,432. The median household income of the Berlin was $95,996, which is 59.22% higher than the national average.

  • submarket area Southwest Submarket
  • avg rent $1,049
  • rent growth 8.03%
  • vacancy 4.00%
  • median income $95,996
  • population (2018) 20,432
  • population growth 2.85%
  • vs. nat'l avg 59.22%
  • zip code 6037

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