Rent, population, and median household income are important factors to consider for a 1031 exchange in Acton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Acton, Massachusetts is a part of the West/NW Suburban Submarket submarket area, and contains zip codes 01718 and 01720.
Acton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Acton, MA submarket area was $2,214, which is 29.32% higher than 2014 average rent. This represents a compounded annual growth rate of 5.28%. 2019 vacancy in Acton, MA was 5.30%.
The total population of the city of Acton, MA has grown 8.27% since 2010. As of 2018, the population was 23,738. The median household income of the Acton was $137,910, which is 128.73% higher than the national average.
- submarket area West / NW Suburban Submarket
- avg rent $2,214
- rent growth 29.32%
- vacancy 5.30%
- median income $137,910
- population (2018) 23,738
- population growth 8.27%
- vs. nat'l avg 128.73%
- zip codes 01718 01720