1031 Exchange Boston, Massachusetts

 

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

Surrounding metropolitan Area

Boston, Massachusetts is a part of the Boston-Cambridge-Newton, MA-NH metropolitan area, and contains 34 zip codes, including: 02114, 02298, 02203, 02211, 02163, and 02112.

Boston Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Boston, MA metropolitan area was $2,365, which is 23.50% higher than 2014 average rent. This represents a compounded annual growth rate of 4.31%. 2019 vacancy in Boston, MA was 5.20%.

The total population of the city of Boston, MA has grown 12.47% since 2010. As of 2018, the population was 694,583. The median household income of the Boston was $65,883, which is 9.27% higher than the national average.

  • metropolitan area Boston-Cambridge-Newton, MA-NH
  • avg rent $2,365
  • rent growth 23.50%
  • vacancy 5.20%
  • median income $65,883
  • population (2018) 694,583
  • population growth 12.47%
  • vs. nat'l avg 9.27%
  • zip codes 02108 02109 02110 02111 02112 02113 02114 02115 02116 02117 02118 02123 02133 02163 02196 02199 02201 02203 02204 02205 02206 02210 02211 02212 02215 02217 02222 02241 02266 02283 02284 02293 02297 02298

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