1031 Exchange Quincy, Massachusetts

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Quincy due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Quincy, Massachusetts is a part of the South Shore/Route 128 South Submarket submarket area, and contains 4 zip codes: 02269, 02169, 02170, and 02171.

Quincy Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Quincy, 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 Quincy, MA was 5.50%.

The total population of the city of Quincy, MA has grown 2.50% since 2010. As of 2018, the population was 94,580. The median household income of the Quincy was $74,180, which is 23.03% 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 $74,180
  • population (2018) 94,580
  • population growth 2.50%
  • vs. nat'l avg 23.03%
  • zip codes 02169 02170 02171 02269

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