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1031 Exchange Bristol, Connecticut

 

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

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