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1031 Exchange Hingham, Massachusetts

 

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

Surrounding submarket Area

Hingham, Massachusetts is a part of the South Shore/Route 128 South Submarket submarket area, and contains zip codes 02043 and 02044.

Hingham Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hingham, MA submarket area was $2,103, which is 22.41% higher than 2014 average rent. This represents a compounded annual growth rate of 4.13%. 2019 vacancy in Hingham, MA was 5.50%.

The total population of the city of Hingham, MA has grown 7.97% since 2010. As of 2018, the population was 23,923. The median household income of the Hingham was $133,596, which is 121.58% higher than the national average.

  • submarket area South Shore / Route 128 South Submarket
  • avg rent $2,103
  • rent growth 22.41%
  • vacancy 5.50%
  • median income $133,596
  • population (2018) 23,923
  • population growth 7.97%
  • vs. nat'l avg 121.58%
  • zip codes 02043 02044

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