Rent, population, and median household income are important factors to consider for a 1031 exchange in Middleborough due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Middleborough, Massachusetts is a part of the South/SE Suburban Submarket submarket area.
Middleborough Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Middleborough, MA submarket area was $1,695, which is 24.18% higher than 2014 average rent. This represents a compounded annual growth rate of 4.43%. 2019 vacancy in Middleborough, MA was 4.40%.
The total population of the city of Middleborough, MA has grown 8.67% since 2010. As of 2018, the population was 25,121. The median household income of the Middleborough was $83,227, which is 38.04% higher than the national average.
- submarket area South / SE Suburban Submarket
- avg rent $1,695
- rent growth 24.18%
- vacancy 4.40%
- median income $83,227
- population (2018) 25,121
- population growth 8.67%
- vs. nat'l avg 38.04%
