1031 Exchange Bayonne, New Jersey

 

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

Surrounding submarket Area

Bayonne, New Jersey is a part of the Hudson County Submarket submarket area, and contains zip code 7002.

Bayonne Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bayonne, NJ submarket area was $3,416, which is 19.61% lower than 2014 average rent. This represents a compounded annual growth rate of 3.65%. 2019 vacancy in Bayonne, NJ was 6.40%.

The total population of the city of Bayonne, NJ has grown 3.27% since 2010. As of 2018, the population was 65,083. The median household income of the Bayonne was $59,924, which is 0.61% lower than the national average.

  • submarket area Hudson County Submarket
  • avg rent $3,416
  • rent growth 19.61%
  • vacancy 6.40%
  • median income $59,924
  • population (2018) 65,083
  • population growth 3.27%
  • vs. nat'l avg 0.61%
  • zip code 7002

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities