Rent, population, and median household income are important factors to consider for a 1031 exchange in Danbury due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Danbury, Connecticut is a part of the East Fairfield County Submarket submarket area, and contains 6 zip codes: 06816, 06810, 06814, 06813, 06817, and 06811.
Danbury Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Danbury, CT submarket area was $1,667, which is 19.58% higher than 2014 average rent. This represents a compounded annual growth rate of 3.64%. 2019 vacancy in Danbury, CT was 4.40%.
The total population of the city of Danbury, CT has grown 4.74% since 2010. As of 2018, the population was 84,730. The median household income of the Danbury was $71,672, which is 18.87% higher than the national average.
- submarket area East Fairfield County Submarket
- avg rent $1,667
- rent growth 19.58%
- vacancy 4.40%
- median income $71,672
- population (2018) 84,730
- population growth 4.74%
- vs. nat'l avg 18.87%
- zip codes 06810 06811 06813 06814 06816 06817