Rent, population, and median household income are important factors to consider for a 1031 exchange in Brookline due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Brookline, Massachusetts is a part of the Brookline/Brighton/Newton Submarket submarket area, and contains zip codes 02556 and 02446.
Brookline Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Brookline, MA submarket area was $2,416, which is 17.80% higher than 2014 average rent. This represents a compounded annual growth rate of 3.33%. 2019 vacancy in Brookline, MA was 4.40%.
The total population of the city of Brookline, MA has grown 0.98% since 2010. As of 2018, the population was 59,310. The median household income of the Brookline was $113,515, which is 88.27% higher than the national average.
- submarket area Brookline / Brighton / Newton Submarket
- avg rent $2,416
- rent growth 17.80%
- vacancy 4.40%
- median income $113,515
- population (2018) 59,310
- population growth 0.98%
- vs. nat'l avg 88.27%
- zip codes 02556 02446
