vi

1031 Exchange Woburn, Massachusetts

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Woburn due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Woburn, Massachusetts is a part of the Mystic River North/Route 128 Submarket submarket area, and contains 4 zip codes: 01815, 01888, 01801, and 01813.

Woburn Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Woburn, MA submarket area was $2,046, which is 22.88% higher than 2014 average rent. This represents a compounded annual growth rate of 4.21%. 2019 vacancy in Woburn, MA was 6.80%.

The total population of the city of Woburn, MA has grown 5.97% since 2010. As of 2018, the population was 40,397. The median household income of the Woburn was $88,745, which is 47.19% higher than the national average.

  • submarket area Mystic River North / Route 128 Submarket
  • avg rent $2,046
  • rent growth 22.88%
  • vacancy 6.80%
  • median income $88,745
  • population (2018) 40,397
  • population growth 5.97%
  • vs. nat'l avg 47.19%
  • zip codes 01801 01813 01815 01888

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities