1031 Exchange Wethersfield, Connecticut


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

Surrounding submarket Area

Wethersfield, Connecticut is a part of the South Hartford/North Middlesex Submarket submarket area, and contains zip codes 06109 and 06129.

Wethersfield Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Wethersfield, CT submarket area was $1,295, which is 12.61% higher than 2014 average rent. This represents a compounded annual growth rate of 2.40%. 2019 vacancy in Wethersfield, CT was 4.20%.

The total population of the city of Wethersfield, CT has decreased 2.20% since 2010. As of 2018, the population was 26,082. The median household income of the Wethersfield was $83,391, which is 38.31% higher than the national average.

  • submarket area South Hartford / North Middlesex Submarket
  • avg rent $1,295
  • rent growth 12.61%
  • vacancy 4.20%
  • median income $83,391
  • population (2018) 26,082
  • population growth -2.20%
  • vs. nat'l avg 38.31%
  • zip codes 06109 06129

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