Rent, population, and median household income are important factors to consider for a 1031 exchange in Maynard due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Maynard, Massachusetts is a part of the West/NW Suburban Submarket submarket area, and contains zip code 1754.
Maynard Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Maynard, MA submarket area was $2,214, which is 29.32% higher than 2014 average rent. This represents a compounded annual growth rate of 5.28%. 2019 vacancy in Maynard, MA was 5.30%.
The total population of the city of Maynard, MA has grown 5.55% since 2010. As of 2018, the population was 10,667. The median household income of the Maynard was $101,324, which is 68.05% higher than the national average.
- submarket area West / NW Suburban Submarket
- avg rent $2,214
- rent growth 29.32%
- vacancy 5.30%
- median income $101,324
- population (2018) 10,667
- population growth 5.55%
- vs. nat'l avg 68.05%
- zip code 1754