Rent, population, and median household income are important factors to consider for a 1031 exchange in East Hartford due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
East Hartford, Connecticut is a part of the East Hartford/Manchester Submarket submarket area, and contains 4 zip codes: 06108, 06118, 06128, and 06138.
East Hartford Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the East Hartford, CT submarket area was $1,183, which is 11.29% lower than 2014 average rent. This represents a compounded annual growth rate of 2.16%. 2019 vacancy in East Hartford, CT was 2.40%.
The total population of the city of East Hartford, CT has decreased 2.45% since 2010. As of 2018, the population was 49,998. The median household income of the East Hartford was $55,468, which is 8.00% lower than the national average.
- submarket area East Hartford / Manchester Submarket
- avg rent $1,183
- rent growth 11.29%
- vacancy 2.40%
- median income $55,468
- population (2018) 49,998
- population growth -2.45%
- vs. nat'l avg 8.00%
- zip codes 06108 06118 06128 06138