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1031 Exchange Malden, Massachusetts

 

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

Surrounding submarket Area

Malden, Massachusetts is a part of the Mystic River North/Route 128 Submarket submarket area, and contains zip code 2148.

Malden Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Malden, MA submarket area was $2,046, which is 22.88% higher than 2014 average rent. This represents a compounded annual growth rate of 4.21%. 2019 vacancy in Malden, MA was 6.80%.

The total population of the city of Malden, MA has grown 2.67% since 2010. As of 2018, the population was 61,036. The median household income of the Malden was $64,178, which is 6.44% higher than the national average.

  • submarket area Mystic River North / Route 128 Submarket
  • avg rent $2,046
  • rent growth 22.88%
  • vacancy 6.80%
  • median income $64,178
  • population (2018) 61,036
  • population growth 2.67%
  • vs. nat'l avg 6.44%
  • zip code 2148

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