1031 Exchange Freehold, New Jersey

 

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

Surrounding submarket Area

Freehold, New Jersey is a part of the West Monmouth Submarket submarket area, and contains zip code 7728.

Freehold Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Freehold, NJ submarket area was $1,389, which is 16.14% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Freehold, NJ was 4.30%.

The total population of the city of Freehold, NJ has decreased 4.00% since 2010. As of 2018, the population was 34,735. The median household income of the Freehold was $104,689, which is 73.63% higher than the national average.

  • submarket area West Monmouth Submarket
  • avg rent $1,389
  • rent growth 16.14%
  • vacancy 4.30%
  • median income $104,689
  • population (2018) 34,735
  • population growth -4.00%
  • vs. nat'l avg 73.63%
  • zip code 7728

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