Rent, population, and median household income are important factors to consider for a 1031 exchange in Kingston due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Kingston, New Jersey is a part of the Southwest Middlesex Submarket submarket area, and contains zip code 8528.
Kingston Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kingston, NJ submarket area was $1,570, which is 22.56% lower than 2014 average rent. This represents a compounded annual growth rate of 4.15%. 2019 vacancy in Kingston, NJ was 2.90%.
The total population of the city of Kingston, NJ has decreased 2.43% since 2010. As of 2018, the population was 12,862. The median household income of the Kingston was $51,939, which is 13.86% lower than the national average.
- submarket area Southwest Middlesex Submarket
- avg rent $1,570
- rent growth 22.56%
- vacancy 2.90%
- median income $51,939
- population (2018) 12,862
- population growth -2.43%
- vs. nat'l avg 13.86%
- zip code 8528