Rent, population, and median household income are important factors to consider for a 1031 exchange in Stafford due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Stafford, Connecticut is a part of the Tolland/Windham Submarket submarket area, and contains zip code 6075.
Stafford Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Stafford, CT submarket area was $1,194, which is 12.85% higher than 2014 average rent. This represents a compounded annual growth rate of 2.45%. 2019 vacancy in Stafford, CT was 3.50%.
The total population of the city of Stafford, CT has decreased 1.68% since 2010. As of 2018, the population was 11,884. The median household income of the Stafford was $72,806, which is 20.75% higher than the national average.
- submarket area Tolland / Windham Submarket
- avg rent $1,194
- rent growth 12.85%
- vacancy 3.50%
- median income $72,806
- population (2018) 11,884
- population growth -1.68%
- vs. nat'l avg 20.75%
- zip code 6075