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
