Rent, population, and median household income are important factors to consider for a 1031 exchange in Haledon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Haledon, New Jersey is a part of the Passaic County Submarket submarket area, and contains zip codes 07508 and 07538.
Haledon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Haledon, NJ submarket area was $1,503, which is 12.16% higher than 2014 average rent. This represents a compounded annual growth rate of 2.32%. 2019 vacancy in Haledon, NJ was 3.60%.
The total population of the city of Haledon, NJ has decreased 0.02% since 2010. As of 2018, the population was 8,316. The median household income of the Haledon was $64,057, which is 6.24% higher than the national average.
- submarket area Passaic County Submarket
- avg rent $1,503
- rent growth 12.16%
- vacancy 3.60%
- median income $64,057
- population (2018) 8,316
- population growth -0.02%
- vs. nat'l avg 6.24%
- zip codes 07508 07538
