1031 Exchange Westford, Massachusetts

 

Surrounding submarket Area

Westford, Massachusetts is a part of the West/NW Suburban Submarket submarket area, and contains zip code 1886.

Westford Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Westford, 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 Westford, MA was 5.30%.

The total population of the city of Westford, MA has grown 10.68% since 2010. As of 2018, the population was 24,296. The median household income of the Westford was $141,173, which is 134.14% higher than the national average.

  • submarket area West / NW Suburban Submarket
  • avg rent $2,214
  • rent growth 29.32%
  • vacancy 5.30%
  • median income $141,173
  • population (2018) 24,296
  • population growth 10.68%
  • vs. nat'l avg 134.14%
  • zip code 1886

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