Rent, population, and median household income are important factors to consider for a 1031 exchange in Brunswick due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Brunswick, Maryland is a part of the Frederick County Submarket submarket area, and contains zip code 21716.
Brunswick Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Brunswick, MD submarket area was $1,356, which is 20.11% higher than 2014 average rent. This represents a compounded annual growth rate of 3.73%. 2019 vacancy in Brunswick, MD was 4.50%.
The total population of the city of Brunswick, MD has grown 8.42% since 2010. As of 2018, the population was 6,364. The median household income of the Brunswick was $76,708, which is 27.23% higher than the national average.
- submarket area Frederick County Submarket
- avg rent $1,356
- rent growth 20.11%
- vacancy 4.50%
- median income $76,708
- population (2018) 6,364
- population growth 8.42%
- vs. nat'l avg 27.23%
- zip code 21716