Rent, population, and median household income are important factors to consider for a 1031 exchange in Weymouth due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Weymouth, Massachusetts is a part of the South Shore/Route 128 South Submarket submarket area, and contains zip code 2188.
Weymouth Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Weymouth, MA submarket area was $2,103, which is 22.41% higher than 2014 average rent. This represents a compounded annual growth rate of 4.13%. 2019 vacancy in Weymouth, MA was 5.50%.
The total population of the city of Weymouth, MA has grown 7.40% since 2010. As of 2018, the population was 57,719. The median household income of the Weymouth was $79,034, which is 31.08% higher than the national average.
- submarket area South Shore / Route 128 South Submarket
- avg rent $2,103
- rent growth 22.41%
- vacancy 5.50%
- median income $79,034
- population (2018) 57,719
- population growth 7.40%
- vs. nat'l avg 31.08%
- zip code 2188