1031 Exchange Atlantic City, New Jersey

 

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

Surrounding metropolitan Area

Atlantic City, New Jersey is a part of the Atlantic City-Hammonton, NJ metropolitan area, and contains zip code 8204.

Atlantic City Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Atlantic City, NJ metropolitan area was $1,100, which is 11.34% lower than 2014 average rent. This represents a compounded annual growth rate of 2.17%. 2019 vacancy in Atlantic City, NJ was 3.60%.

The total population of the city of Atlantic City, NJ has decreased 4.43% since 2010. As of 2018, the population was 37,804. The median household income of the Atlantic City was $27,786, which is 53.92% lower than the national average.

  • metropolitan area Atlantic City-Hammonton, NJ
  • avg rent $1,100
  • rent growth 11.34%
  • vacancy 3.60%
  • median income $27,786
  • population (2018) 37,804
  • population growth -4.43%
  • vs. nat'l avg 53.92%
  • zip code 8204

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