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%
