Rent, population, and median household income are important factors to consider for a 1031 exchange in Havre de Grace due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Havre de Grace, Maryland is a part of the Harford County Submarket submarket area, and contains zip code 21078.
Havre de Grace Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Havre de Grace, MD submarket area was $1,131, which is 19.18% higher than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in Havre de Grace, MD was 4.40%.
The total population of the city of Havre de Grace, MD has grown 6.49% since 2010. As of 2018, the population was 13,792. The median household income of the Havre de Grace was $74,335, which is 23.29% higher than the national average.
- submarket area Harford County Submarket
- avg rent $1,131
- rent growth 19.18%
- vacancy 4.40%
- median income $74,335
- population (2018) 13,792
- population growth 6.49%
- vs. nat'l avg 23.29%
- zip code 21078