1031 Exchange Randolph, Massachusetts

 

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

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