Rent, population, and median household income are important factors to consider for a 1031 exchange in Cambridge due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Cambridge, Massachusetts is a part of the Cambridge/Watertown Submarket submarket area, and contains 6 zip codes: 02139, 02238, 02140, 02142, 02138, and 02141.
Cambridge Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Cambridge, MA submarket area was $3,046, which is 22.38% higher than 2014 average rent. This represents a compounded annual growth rate of 4.12%. 2019 vacancy in Cambridge, MA was 6.40%.
The total population of the city of Cambridge, MA has grown 13.14% since 2010. As of 2018, the population was 118,977. The median household income of the Cambridge was $95,404, which is 58.23% higher than the national average.
- submarket area Cambridge / Watertown Submarket
- avg rent $3,046
- rent growth 22.38%
- vacancy 6.40%
- median income $95,404
- population (2018) 118,977
- population growth 13.14%
- vs. nat'l avg 58.23%
- zip codes 02138 02139 02140 02141 02142 02238
