Rent, population, and median household income are important factors to consider for a 1031 exchange in Milton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Milton, Massachusetts is a part of the South Shore/Route 128 South Submarket submarket area, and contains zip code 2186.
Milton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Milton, 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 Milton, MA was 5.50%.
The total population of the city of Milton, MA has grown 2.27% since 2010. As of 2018, the population was 27,616. The median household income of the Milton was $127,448, which is 111.38% 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 $127,448
- population (2018) 27,616
- population growth 2.27%
- vs. nat'l avg 111.38%
- zip code 2186