Rent, population, and median household income are important factors to consider for a 1031 exchange in Shelton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Shelton, Connecticut is a part of the East Fairfield County Submarket submarket area, and contains zip code 6484.
Shelton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Shelton, CT submarket area was $1,667, which is 19.58% higher than 2014 average rent. This represents a compounded annual growth rate of 3.64%. 2019 vacancy in Shelton, CT was 4.40%.
The total population of the city of Shelton, CT has grown 3.89% since 2010. As of 2018, the population was 41,097. The median household income of the Shelton was $94,446, which is 56.65% higher than the national average.
- submarket area East Fairfield County Submarket
- avg rent $1,667
- rent growth 19.58%
- vacancy 4.40%
- median income $94,446
- population (2018) 41,097
- population growth 3.89%
- vs. nat'l avg 56.65%
- zip code 6484
