1031 Exchange Haverhill, Massachusetts

 

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

Surrounding submarket Area

Haverhill, Massachusetts is a part of the North Shore Submarket submarket area, and contains 4 zip codes: 01835, 01832, 01831, and 01830.

Haverhill Demographics & Economic Trends

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

The total population of the city of Haverhill, MA has grown 0.27% since 2010. As of 2018, the population was 61,041. The median household income of the Haverhill was $67,579, which is 12.08% higher than the national average.

  • submarket area North Shore Submarket
  • avg rent $2,062
  • rent growth 23.99%
  • vacancy 3.20%
  • median income $67,579
  • population (2018) 61,041
  • population growth 0.27%
  • vs. nat'l avg 12.08%
  • zip codes 01830 01831 01832 01835

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