1031 Exchange Burlington, Connecticut

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Burlington due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Burlington, Connecticut is a part of the North/West Hartford Submarket submarket area, and contains zip code 6013.

Burlington Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Burlington, CT submarket area was $1,405, which is 15.83% higher than 2014 average rent. This represents a compounded annual growth rate of 2.98%. 2019 vacancy in Burlington, CT was 4.90%.

The total population of the city of Burlington, CT has grown 3.91% since 2010. As of 2018, the population was 9,665. The median household income of the Burlington was $126,341, which is 109.55% higher than the national average.

  • submarket area North / West Hartford Submarket
  • avg rent $1,405
  • rent growth 15.83%
  • vacancy 4.90%
  • median income $126,341
  • population (2018) 9,665
  • population growth 3.91%
  • vs. nat'l avg 109.55%
  • zip code 6013

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