Rent, population, and median household income are important factors to consider for a 1031 exchange in Windsor due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Windsor, Connecticut is a part of the North/West Hartford Submarket submarket area, and contains zip codes 06006 and 06095.
Windsor Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Windsor, CT submarket area was $1,405, which is 15.83% higher than 2014 average rent. This represents a compounded annual growth rate of 2.98%. 2019 vacancy in Windsor, CT was 4.90%.
The total population of the city of Windsor, CT has decreased 0.98% since 2010. As of 2018, the population was 28,760. The median household income of the Windsor was $88,986, which is 47.59% higher than the national average.
- submarket area North / West Hartford Submarket
- avg rent $1,405
- rent growth 15.83%
- vacancy 4.90%
- median income $88,986
- population (2018) 28,760
- population growth -0.98%
- vs. nat'l avg 47.59%
- zip codes 06006 06095
