Rent, population, and median household income are important factors to consider for a 1031 exchange in East Granby due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
East Granby, Connecticut is a part of the North/West Hartford Submarket submarket area, and contains zip code 6026.
East Granby Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the East Granby, 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 East Granby, CT was 4.90%.
The total population of the city of East Granby, CT has decreased 0.02% since 2010. As of 2018, the population was 5,147. The median household income of the East Granby was $100,689, which is 67.00% higher than the national average.
- submarket area North / West Hartford Submarket
- avg rent $1,405
- rent growth 15.83%
- vacancy 4.90%
- median income $100,689
- population (2018) 5,147
- population growth -0.02%
- vs. nat'l avg 67.00%
- zip code 6026