Rent, population, and median household income are important factors to consider for a 1031 exchange in Braintree due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Braintree, Massachusetts is a part of the South Shore/Route 128 South Submarket submarket area, and contains zip codes 02184 and 02185.
Braintree Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Braintree, MA submarket area was $2,103, which is 22.41% higher than 2014 average rent. This represents a compounded annual growth rate of 4.13%. 2019 vacancy in Braintree, MA was 5.50%.
The total population of the city of Braintree, MA has grown 4.21% since 2010. As of 2018, the population was 37,250. The median household income of the Braintree was $94,945, which is 57.47% higher than the national average.
- submarket area South Shore / Route 128 South Submarket
- avg rent $2,103
- rent growth 22.41%
- vacancy 5.50%
- median income $94,945
- population (2018) 37,250
- population growth 4.21%
- vs. nat'l avg 57.47%
- zip codes 02184 02185