1031 Exchange Fairfield County, Connecticut

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Fairfield County due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Fairfield County, Connecticut is a part of the Bridgeport-Stamford-Norwalk, CT metropolitan area, and contains 80 zip codes, including: 06810, 06699, 06860, 06784, 06875, and 06879.

Fairfield County Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Fairfield County, CT metropolitan area was $2,094, which is 10.33% higher than 2014 average rent. This represents a compounded annual growth rate of 1.98%. 2019 vacancy in Fairfield County, CT was 5.60%.

The total population of the city of Fairfield County, CT has grown 2.94% since 2010. As of 2018, the population was 943,823. The median household income of the Fairfield County was $92,969, which is 54.20% higher than the national average.

  • metropolitan area Bridgeport-Stamford-Norwalk, CT
  • avg rent $2,094
  • rent growth 10.33%
  • vacancy 5.60%
  • median income $92,969
  • population (2018) 943,823
  • population growth 2.94%
  • vs. nat'l avg 54.20%
  • zip codes 06404 06440 06468 06470 06482 06484 06491 06601 06602 06604 06605 06606 06607 06608 06610 06611 06612 06614 06615 06673 06699 06784 06801 06804 06807 06810 06811 06812 06813 06814 06816 06817 06820 06824 06825 06828 06829 06830 06831 06836 06838 06840 06850 06851 06852 06853 06854 06855 06856 06857 06858 06860 06870 06875 06876 06877 06878 06879 06880 06881 06883 06888 06889 06890 06896 06897 06901 06902 06903 06904 06905 06906 06907 06910 06911 06912 06913 06914 06926 06927

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