vi

1031 Exchange Greenwich, Connecticut

 

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

Surrounding submarket Area

Greenwich, Connecticut is a part of the West Fairfield County Submarket submarket area, and contains 3 zip codes: 06831, 06836, and 06830.

Greenwich Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Greenwich, CT submarket area was $2,441, which is 9.31% higher than 2014 average rent. This represents a compounded annual growth rate of 1.80%. 2019 vacancy in Greenwich, CT was 7.40%.

The total population of the city of Greenwich, CT has grown 2.54% since 2010. As of 2018, the population was 62,727. The median household income of the Greenwich was $142,819, which is 136.87% higher than the national average.

  • submarket area West Fairfield County Submarket
  • avg rent $2,441
  • rent growth 9.31%
  • vacancy 7.40%
  • median income $142,819
  • population (2018) 62,727
  • population growth 2.54%
  • vs. nat'l avg 136.87%
  • zip codes 06830 06831 06836

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities