Rent, population, and median household income are important factors to consider for a 1031 exchange in Ewing due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Ewing, New Jersey is a part of the Trenton Submarket submarket area.
Ewing Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Ewing, NJ submarket area was $1,141, which is 9.29% higher than 2014 average rent. This represents a compounded annual growth rate of 1.79%. 2019 vacancy in Ewing, NJ was 2.40%.
The total population of the city of Ewing, NJ has grown 1.76% since 2010. As of 2018, the population was 36,421. The median household income of the Ewing was $81,070, which is 34.46% higher than the national average.
- submarket area Trenton Submarket
- avg rent $1,141
- rent growth 9.29%
- vacancy 2.40%
- median income $81,070
- population (2018) 36,421
- population growth 1.76%
- vs. nat'l avg 34.46%