Rent, population, and median household income are important factors to consider for a 1031 exchange in Watertown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Watertown, Massachusetts is a part of the Cambridge/Watertown Submarket submarket area, and contains 3 zip codes: 02477, 02471, and 02472.
Watertown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Watertown, MA submarket area was $3,046, which is 22.38% higher than 2014 average rent. This represents a compounded annual growth rate of 4.12%. 2019 vacancy in Watertown, MA was 6.40%.
The total population of the city of Watertown, MA has grown 12.66% since 2010. As of 2018, the population was 35,954. The median household income of the Watertown was $97,929, which is 62.42% higher than the national average.
- submarket area Cambridge / Watertown Submarket
- avg rent $3,046
- rent growth 22.38%
- vacancy 6.40%
- median income $97,929
- population (2018) 35,954
- population growth 12.66%
- vs. nat'l avg 62.42%
- zip codes 02471 02472 02477