Rent, population, and median household income are important factors to consider for a 1031 exchange in Plymouth due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Plymouth, Massachusetts is a part of the South/SE Suburban Submarket submarket area, and contains 3 zip codes: 02360, 02362, and 02361.
Plymouth Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Plymouth, 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 Plymouth, MA was 4.40%.
The total population of the city of Plymouth, MA has grown 7.68% since 2010. As of 2018, the population was 60,803. The median household income of the Plymouth was $87,595, which is 45.28% higher than the national average.
- submarket area South / SE Suburban Submarket
- avg rent $1,695
- rent growth 24.18%
- vacancy 4.40%
- median income $87,595
- population (2018) 60,803
- population growth 7.68%
- vs. nat'l avg 45.28%
- zip codes 02360 02361 02362