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
