1031 Exchange Darien, Connecticut

 

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

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