Rent, population, and median household income are important factors to consider for a 1031 exchange in Hamden due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Hamden, Connecticut is a part of the North Haven/Wallingford/Meriden Submarket submarket area, and contains 3 zip codes: 06517, 06518, and 06514.
Hamden Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Hamden, CT submarket area was $1,463, which is 11.68% higher than 2014 average rent. This represents a compounded annual growth rate of 2.23%. 2019 vacancy in Hamden, CT was 6.90%.
The total population of the city of Hamden, CT has decreased 0.03% since 2010. As of 2018, the population was 60,940. The median household income of the Hamden was $75,392, which is 25.04% higher than the national average.
- submarket area North Haven / Wallingford / Meriden Submarket
- avg rent $1,463
- rent growth 11.68%
- vacancy 6.90%
- median income $75,392
- population (2018) 60,940
- population growth -0.03%
- vs. nat'l avg 25.04%
- zip codes 06514 06517 06518