1031 Exchange Branchburg, New Jersey

 

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

Surrounding submarket Area

Branchburg, New Jersey is a part of the Somerset Submarket submarket area.

Branchburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Branchburg, NJ submarket area was $1,654, which is 15.34% higher than 2014 average rent. This represents a compounded annual growth rate of 2.90%. 2019 vacancy in Branchburg, NJ was 2.70%.

The total population of the city of Branchburg, NJ has grown 0.75% since 2010. As of 2018, the population was 14,567. The median household income of the Branchburg was $132,483, which is 119.73% higher than the national average.

  • submarket area Somerset Submarket
  • avg rent $1,654
  • rent growth 15.34%
  • vacancy 2.70%
  • median income $132,483
  • population (2018) 14,567
  • population growth 0.75%
  • vs. nat'l avg 119.73%

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