1031 Exchange South Windsor, Connecticut

 

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

Surrounding submarket Area

South Windsor, Connecticut is a part of the North/West Hartford Submarket submarket area, and contains zip code 6074.

South Windsor Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the South Windsor, CT submarket area was $1,405, which is 15.83% higher than 2014 average rent. This represents a compounded annual growth rate of 2.98%. 2019 vacancy in South Windsor, CT was 4.90%.

The total population of the city of South Windsor, CT has grown 1.34% since 2010. As of 2018, the population was 26,054. The median household income of the South Windsor was $107,088, which is 77.61% higher than the national average.

  • submarket area North / West Hartford Submarket
  • avg rent $1,405
  • rent growth 15.83%
  • vacancy 4.90%
  • median income $107,088
  • population (2018) 26,054
  • population growth 1.34%
  • vs. nat'l avg 77.61%
  • zip code 6074

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