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: 02170, 02171, 02269, and 02169.
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