Rent, population, and median household income are important factors to consider for a 1031 exchange in Enfield due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Enfield, Connecticut is a part of the North/West Hartford Submarket submarket area, and contains zip codes 06082 and 06083.
Enfield Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Enfield, 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 Enfield, CT was 4.90%.
The total population of the city of Enfield, CT has decreased 0.42% since 2010. As of 2018, the population was 44,466. The median household income of the Enfield was $76,423, which is 26.75% higher than the national average.
- submarket area North / West Hartford Submarket
- avg rent $1,405
- rent growth 15.83%
- vacancy 4.90%
- median income $76,423
- population (2018) 44,466
- population growth -0.42%
- vs. nat'l avg 26.75%
- zip codes 06082 06083