Rent, population, and median household income are important factors to consider for a 1031 exchange in Keansburg due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Keansburg, New Jersey is a part of the West Monmouth Submarket submarket area, and contains zip code 7734.
Keansburg Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Keansburg, NJ submarket area was $1,389, which is 16.14% lower than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Keansburg, NJ was 4.30%.
The total population of the city of Keansburg, NJ has decreased 3.82% since 2010. As of 2018, the population was 9,719. The median household income of the Keansburg was $46,725, which is 22.50% lower than the national average.
- submarket area West Monmouth Submarket
- avg rent $1,389
- rent growth 16.14%
- vacancy 4.30%
- median income $46,725
- population (2018) 9,719
- population growth -3.82%
- vs. nat'l avg 22.50%
- zip code 7734
