1031 Exchange Newton, Massachusetts

Massachusetts Opportunity Zones

Surrounding submarket Area

Newton, Massachusetts is a part of the Brookline/Brighton/Newton Submarket submarket area, and contains zip code 2458.

Newton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Newton, MA submarket area was $2,416, which is 17.80% higher than 2014 average rent. This represents a compounded annual growth rate of 3.33%. 2019 vacancy in Newton, MA was 4.40%.

The total population of the city of Newton, MA has grown 4.41% since 2010. As of 2018, the population was 88,904. The median household income of the Newton was $139,696, which is 131.70% higher than the national average.

  • submarket area Brookline / Brighton / Newton Submarket
  • avg rent $2,416
  • rent growth 17.80%
  • vacancy 4.40%
  • median income $139,696
  • population (2018) 88,904
  • population growth 4.41%
  • vs. nat'l avg 131.70%
  • zip code 2458

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