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1031 Exchange Georgetown, Massachusetts

 

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

Surrounding submarket Area

Georgetown, Massachusetts is a part of the North Shore Submarket submarket area, and contains zip code 1833.

Georgetown Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Georgetown, 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 Georgetown, MA was 3.20%.

The total population of the city of Georgetown, MA has grown 7.21% since 2010. As of 2018, the population was 8,773. The median household income of the Georgetown was $128,885, which is 113.76% higher than the national average.

  • submarket area North Shore Submarket
  • avg rent $2,062
  • rent growth 23.99%
  • vacancy 3.20%
  • median income $128,885
  • population (2018) 8,773
  • population growth 7.21%
  • vs. nat'l avg 113.76%
  • zip code 1833

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