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, 01831, 01832, 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