Rent, population, and median household income are important factors to consider for a 1031 exchange in Bridgewater due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bridgewater, Massachusetts is a part of the South/SE Suburban Submarket submarket area, and contains zip codes 02324 and 02325.
Bridgewater Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bridgewater, MA submarket area was $1,695, which is 24.18% higher than 2014 average rent. This represents a compounded annual growth rate of 4.43%. 2019 vacancy in Bridgewater, MA was 4.40%.
The total population of the city of Bridgewater, MA has grown 3.13% since 2010. As of 2018, the population was 27,395. The median household income of the Bridgewater was $92,289, which is 53.07% higher than the national average.
- submarket area South / SE Suburban Submarket
- avg rent $1,695
- rent growth 24.18%
- vacancy 4.40%
- median income $92,289
- population (2018) 27,395
- population growth 3.13%
- vs. nat'l avg 53.07%
- zip codes 02324 02325