Rent, population, and median household income are important factors to consider for a 1031 exchange in Darien due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Darien, Connecticut is a part of the West Fairfield County Submarket submarket area, and contains zip code 6820.
Darien Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Darien, CT submarket area was $2,441, which is 9.31% higher than 2014 average rent. This represents a compounded annual growth rate of 1.80%. 2019 vacancy in Darien, CT was 7.40%.
The total population of the city of Darien, CT has grown 4.92% since 2010. As of 2018, the population was 21,753. The median household income of the Darien was $210,511, which is 249.15% higher than the national average.
- submarket area West Fairfield County Submarket
- avg rent $2,441
- rent growth 9.31%
- vacancy 7.40%
- median income $210,511
- population (2018) 21,753
- population growth 4.92%
- vs. nat'l avg 249.15%
- zip code 6820
