Rent, population, and median household income are important factors to consider for a 1031 exchange in Randolph due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Randolph, Massachusetts is a part of the South Shore/Route 128 South Submarket submarket area, and contains zip code 2368.
Randolph Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Randolph, 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 Randolph, MA was 5.50%.
The total population of the city of Randolph, MA has grown 7.12% since 2010. As of 2018, the population was 34,398. The median household income of the Randolph was $73,697, which is 22.23% 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 $73,697
- population (2018) 34,398
- population growth 7.12%
- vs. nat'l avg 22.23%
- zip code 2368