1031 Exchange Old Lyme, Connecticut

 

Surrounding submarket Area

Old Lyme, Connecticut is a part of the New London Submarket submarket area, and contains zip code 6371.

Old Lyme Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Old Lyme, CT submarket area was $1,245, which is 18.35% higher than 2014 average rent. This represents a compounded annual growth rate of 3.43%. 2019 vacancy in Old Lyme, CT was 5.70%.

The total population of the city of Old Lyme, CT has decreased 3.12% since 2010. As of 2018, the population was 7,366. The median household income of the Old Lyme was $92,383, which is 53.22% higher than the national average.

  • submarket area New London Submarket
  • avg rent $1,245
  • rent growth 18.35%
  • vacancy 5.70%
  • median income $92,383
  • population (2018) 7,366
  • population growth -3.12%
  • vs. nat'l avg 53.22%
  • zip code 6371

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