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: 02303, 02301, 02304, 02302, 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