1031 Exchange Watertown, Massachusetts

 

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

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities