1031 Exchange Hamilton, New Jersey

 

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

Surrounding submarket Area

Hamilton, New Jersey is a part of the Trenton Submarket submarket area.

Hamilton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hamilton, 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 Hamilton, NJ was 2.40%.

The total population of the city of Hamilton, NJ has decreased 2.77% since 2010. As of 2018, the population was 25,768. The median household income of the Hamilton was $68,750, which is 14.03% higher than the national average.

  • submarket area Trenton Submarket
  • avg rent $1,141
  • rent growth 9.29%
  • vacancy 2.40%
  • median income $68,750
  • population (2018) 25,768
  • population growth -2.77%
  • vs. nat'l avg 14.03%

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