1031 Exchange Brockton, Massachusetts

 

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

Surrounding submarket Area

Brockton, Massachusetts is a part of the South/SE Suburban Submarket submarket area, and contains 5 zip codes: 02301, 02303, 02302, 02304, and 02305.

Brockton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Brockton, MA submarket area was $1,695, which is 24.18% lower than 2014 average rent. This represents a compounded annual growth rate of 4.43%. 2019 vacancy in Brockton, MA was 4.40%.

The total population of the city of Brockton, MA has grown 2.10% since 2010. As of 2018, the population was 95,777. The median household income of the Brockton was $55,140, which is 8.55% lower than the national average.

  • submarket area South / SE Suburban Submarket
  • avg rent $1,695
  • rent growth 24.18%
  • vacancy 4.40%
  • median income $55,140
  • population (2018) 95,777
  • population growth 2.10%
  • vs. nat'l avg 8.55%
  • zip codes 02301 02302 02303 02304 02305

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