Rent, population, and median household income are important factors to consider for a 1031 exchange in Southborough due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Southborough, Massachusetts is a part of the West/NW Suburban Submarket submarket area, and contains zip code 1772.
Southborough Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Southborough, MA submarket area was $2,214, which is 29.32% higher than 2014 average rent. This represents a compounded annual growth rate of 5.28%. 2019 vacancy in Southborough, MA was 5.30%.
The total population of the city of Southborough, MA has grown 4.12% since 2010. As of 2018, the population was 10,169. The median household income of the Southborough was $145,079, which is 140.62% higher than the national average.
- submarket area West / NW Suburban Submarket
- avg rent $2,214
- rent growth 29.32%
- vacancy 5.30%
- median income $145,079
- population (2018) 10,169
- population growth 4.12%
- vs. nat'l avg 140.62%
- zip code 1772