Rent, population, and median household income are important factors to consider for a 1031 exchange in Windsor Locks due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Windsor Locks, Connecticut is a part of the North/West Hartford Submarket submarket area, and contains zip code 6096.
Windsor Locks Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Windsor Locks, 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 Locks, CT was 4.90%.
The total population of the city of Windsor Locks, CT has grown 3.02% since 2010. As of 2018, the population was 12,876. The median household income of the Windsor Locks was $66,846, which is 10.87% higher than the national average.
- submarket area North / West Hartford Submarket
- avg rent $1,405
- rent growth 15.83%
- vacancy 4.90%
- median income $66,846
- population (2018) 12,876
- population growth 3.02%
- vs. nat'l avg 10.87%
- zip code 6096