1031 Exchange Amesbury, Massachusetts

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Amesbury due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Amesbury, Massachusetts is a part of the North Shore Submarket submarket area, and contains zip code 1913.

Amesbury Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Amesbury, MA submarket area was $2,062, which is 23.99% higher than 2014 average rent. This represents a compounded annual growth rate of 4.39%. 2019 vacancy in Amesbury, MA was 3.20%.

The total population of the city of Amesbury, MA has grown 7.90% since 2010. As of 2018, the population was 17,569. The median household income of the Amesbury was $80,721, which is 33.88% higher than the national average.

  • submarket area North Shore Submarket
  • avg rent $2,062
  • rent growth 23.99%
  • vacancy 3.20%
  • median income $80,721
  • population (2018) 17,569
  • population growth 7.90%
  • vs. nat'l avg 33.88%
  • zip code 1913

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