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