Rent, population, and median household income are important factors to consider for a 1031 exchange in East Brunswick due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
East Brunswick, New Jersey is a part of the East Middlesex Submarket submarket area, and contains zip code 8816.
East Brunswick Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the East Brunswick, NJ submarket area was $1,455, which is 12.88% higher than 2014 average rent. This represents a compounded annual growth rate of 2.45%. 2019 vacancy in East Brunswick, NJ was 2.80%.
The total population of the city of East Brunswick, NJ has grown 1.05% since 2010. As of 2018, the population was 48,010. The median household income of the East Brunswick was $109,081, which is 80.92% higher than the national average.
- submarket area East Middlesex Submarket
- avg rent $1,455
- rent growth 12.88%
- vacancy 2.80%
- median income $109,081
- population (2018) 48,010
- population growth 1.05%
- vs. nat'l avg 80.92%
- zip code 8816