Rent, population, and median household income are important factors to consider for a 1031 exchange in Bristol due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bristol, Connecticut is a part of the Southwest Submarket submarket area, and contains zip codes 06010 and 06011.
Bristol Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bristol, 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 Bristol, CT was 4.00%.
The total population of the city of Bristol, CT has decreased 0.74% since 2010. As of 2018, the population was 60,032. The median household income of the Bristol was $66,829, which is 10.84% higher than the national average.
- submarket area Southwest Submarket
- avg rent $1,049
- rent growth 8.03%
- vacancy 4.00%
- median income $66,829
- population (2018) 60,032
- population growth -0.74%
- vs. nat'l avg 10.84%
- zip codes 06010 06011
