1031 Exchange Boxford, Massachusetts

 

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

Surrounding submarket Area

Boxford, Massachusetts is a part of the North Shore Submarket submarket area, and contains zip code 1921.

Boxford Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Boxford, 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 Boxford, MA was 3.20%.

The total population of the city of Boxford, MA has grown 5.05% since 2010. As of 2018, the population was 8,367. The median household income of the Boxford was $174,340, which is 189.15% higher than the national average.

  • submarket area North Shore Submarket
  • avg rent $2,062
  • rent growth 23.99%
  • vacancy 3.20%
  • median income $174,340
  • population (2018) 8,367
  • population growth 5.05%
  • vs. nat'l avg 189.15%
  • zip code 1921

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