Rent, population, and median household income are important factors to consider for a 1031 exchange in Aberdeen due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Aberdeen, Maryland is a part of the Harford County Submarket submarket area, and contains zip code 21001.
Aberdeen Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Aberdeen, MD submarket area was $1,131, which is 19.18% lower than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in Aberdeen, MD was 4.40%.
The total population of the city of Aberdeen, MD has grown 7.31% since 2010. As of 2018, the population was 16,053. The median household income of the Aberdeen was $54,469, which is 9.66% lower than the national average.
- submarket area Harford County Submarket
- avg rent $1,131
- rent growth 19.18%
- vacancy 4.40%
- median income $54,469
- population (2018) 16,053
- population growth 7.31%
- vs. nat'l avg 9.66%
- zip code 21001