Rent, population, and median household income are important factors to consider for a 1031 exchange in Glastonbury due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Glastonbury, Connecticut is a part of the South Hartford/North Middlesex Submarket submarket area, and contains zip code 6033.
Glastonbury Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Glastonbury, CT submarket area was $1,295, which is 12.61% higher than 2014 average rent. This represents a compounded annual growth rate of 2.40%. 2019 vacancy in Glastonbury, CT was 4.20%.
The total population of the city of Glastonbury, CT has grown 0.19% since 2010. As of 2018, the population was 34,491. The median household income of the Glastonbury was $116,625, which is 93.43% higher than the national average.
- submarket area South Hartford / North Middlesex Submarket
- avg rent $1,295
- rent growth 12.61%
- vacancy 4.20%
- median income $116,625
- population (2018) 34,491
- population growth 0.19%
- vs. nat'l avg 93.43%
- zip code 6033