Rent, population, and median household income are important factors to consider for a 1031 exchange in Taunton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Taunton, Massachusetts is a part of the South/SE Suburban Submarket submarket area, and contains zip code 2780.
Taunton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Taunton, MA submarket area was $1,695, which is 24.18% higher than 2014 average rent. This represents a compounded annual growth rate of 4.43%. 2019 vacancy in Taunton, MA was 4.40%.
The total population of the city of Taunton, MA has grown 2.55% since 2010. As of 2018, the population was 57,296. The median household income of the Taunton was $62,185, which is 3.14% higher than the national average.
- submarket area South / SE Suburban Submarket
- avg rent $1,695
- rent growth 24.18%
- vacancy 4.40%
- median income $62,185
- population (2018) 57,296
- population growth 2.55%
- vs. nat'l avg 3.14%
- zip code 2780