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
