Rent, population, and median household income are important factors to consider for a 1031 exchange in East Haven due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
East Haven, Connecticut is a part of the New Haven Harborside Submarket submarket area, and contains zip code 6512.
East Haven Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the East Haven, CT submarket area was $1,371, which is 17.99% higher than 2014 average rent. This represents a compounded annual growth rate of 3.36%. 2019 vacancy in East Haven, CT was 4.90%.
The total population of the city of East Haven, CT has decreased 1.91% since 2010. As of 2018, the population was 28,699. The median household income of the East Haven was $65,333, which is 8.36% higher than the national average.
- submarket area New Haven Harborside Submarket
- avg rent $1,371
- rent growth 17.99%
- vacancy 4.90%
- median income $65,333
- population (2018) 28,699
- population growth -1.91%
- vs. nat'l avg 8.36%
- zip code 6512
