1031 Exchange Ewing, New Jersey

 

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%

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