1031 Exchange Chelmsford, Massachusetts
Massachusetts Opportunity Zones

Surrounding submarket Area

Chelmsford, Massachusetts is a part of the North Shore Submarket submarket area, and contains zip code 1824.

Chelmsford Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Chelmsford, MA submarket area was $2,062, which is 23.99% higher than 2014 average rent. This represents a compounded annual growth rate of 4.39%. 2019 vacancy in Chelmsford, MA was 3.20%.

The total population of the city of Chelmsford, MA has grown 4.47% since 2010. As of 2018, the population was 35,313. The median household income of the Chelmsford was $109,955, which is 82.37% higher than the national average.

  • submarket area North Shore Submarket
  • avg rent $2,062
  • rent growth 23.99%
  • vacancy 3.20%
  • median income $109,955
  • population (2018) 35,313
  • population growth 4.47%
  • vs. nat'l avg 82.37%
  • zip code 1824

Compare DST Properties Side-By-Side
Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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