Rent, population, and median household income are important factors to consider for a 1031 exchange in Weston due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Weston, Connecticut is a part of the West Fairfield County Submarket submarket area, and contains zip code 6883.
Weston Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Weston, 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 Weston, CT was 7.40%.
The total population of the city of Weston, CT has grown 0.67% since 2010. As of 2018, the population was 10,247. The median household income of the Weston was $219,083, which is 263.36% higher than the national average.
- submarket area West Fairfield County Submarket
- avg rent $2,441
- rent growth 9.31%
- vacancy 7.40%
- median income $219,083
- population (2018) 10,247
- population growth 0.67%
- vs. nat'l avg 263.36%
- zip code 6883