1031 Exchange Stamford, Connecticut

 

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

Surrounding submarket Area

Stamford, Connecticut is a part of the West Fairfield County Submarket submarket area, and contains 14 zip codes, including: 06905, 06914, 06902, 06926, 06903, and 06901.

Stamford Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Stamford, CT submarket area was $2,441, which is 9.31% higher than 2014 average rent. This represents a compounded annual growth rate of 1.80%. 2019 vacancy in Stamford, CT was 7.40%.

The total population of the city of Stamford, CT has grown 5.82% since 2010. As of 2018, the population was 129,775. The median household income of the Stamford was $89,309, which is 48.12% higher than the national average.

  • submarket area West Fairfield County Submarket
  • avg rent $2,441
  • rent growth 9.31%
  • vacancy 7.40%
  • median income $89,309
  • population (2018) 129,775
  • population growth 5.82%
  • vs. nat'l avg 48.12%
  • zip codes 06901 06902 06903 06904 06905 06906 06907 06910 06911 06912 06913 06914 06926 06927

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