1031 Exchange Rocky Hill, Connecticut

 

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

Surrounding submarket Area

Rocky Hill, Connecticut is a part of the South Hartford/North Middlesex Submarket submarket area, and contains zip code 6067.

Rocky Hill Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Rocky Hill, CT submarket area was $1,295, which is 12.61% higher than 2014 average rent. This represents a compounded annual growth rate of 2.40%. 2019 vacancy in Rocky Hill, CT was 4.20%.

The total population of the city of Rocky Hill, CT has grown 2.21% since 2010. As of 2018, the population was 20,145. The median household income of the Rocky Hill was $83,100, which is 37.83% higher than the national average.

  • submarket area South Hartford / North Middlesex Submarket
  • avg rent $1,295
  • rent growth 12.61%
  • vacancy 4.20%
  • median income $83,100
  • population (2018) 20,145
  • population growth 2.21%
  • vs. nat'l avg 37.83%
  • zip code 6067

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