1031 Exchange Milton, Massachusetts

 

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

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