Rent, population, and median household income are important factors to consider for a 1031 exchange in North Haven due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
North Haven, Connecticut is a part of the North Haven/Wallingford/Meriden Submarket submarket area, and contains zip code 6473.
North Haven Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the North Haven, 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 North Haven, CT was 6.90%.
The total population of the city of North Haven, CT has decreased 1.67% since 2010. As of 2018, the population was 23,691. The median household income of the North Haven was $99,094, which is 64.35% 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 $99,094
- population (2018) 23,691
- population growth -1.67%
- vs. nat'l avg 64.35%
- zip code 6473