Rent, population, and median household income are important factors to consider for a 1031 exchange in Canton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Canton, Connecticut is a part of the North/West Hartford Submarket submarket area, and contains zip code 6019.
Canton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Canton, 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 Canton, CT was 4.90%.
The total population of the city of Canton, CT has decreased 0.21% since 2010. As of 2018, the population was 10,270. The median household income of the Canton was $89,255, which is 48.04% higher than the national average.
- submarket area North / West Hartford Submarket
- avg rent $1,405
- rent growth 15.83%
- vacancy 4.90%
- median income $89,255
- population (2018) 10,270
- population growth -0.21%
- vs. nat'l avg 48.04%
- zip code 6019