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1031 Exchange New Haven, Connecticut

 

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

Surrounding metropolitan Area

New Haven, Connecticut is a part of the New Haven-Milford, CT metropolitan area, and contains 26 zip codes, including: 06535, 06519, 06511, 06520, 06504, and 06501.

New Haven Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the New Haven, CT metropolitan area was $1,301, which is 11.01% lower than 2014 average rent. This represents a compounded annual growth rate of 2.11%. 2019 vacancy in New Haven, CT was 6.30%.

The total population of the city of New Haven, CT has grown 0.49% since 2010. As of 2018, the population was 130,418. The median household income of the New Haven was $41,142, which is 31.76% lower than the national average.

  • metropolitan area New Haven-Milford, CT
  • avg rent $1,301
  • rent growth 11.01%
  • vacancy 6.30%
  • median income $41,142
  • population (2018) 130,418
  • population growth 0.49%
  • vs. nat'l avg 31.76%
  • zip codes 06501 06502 06503 06504 06505 06506 06507 06508 06509 06510 06511 06513 06515 06519 06520 06521 06530 06531 06532 06533 06534 06535 06536 06537 06538 06540

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