Rent, population, and median household income are important factors to consider for a 1031 exchange in Linden due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Linden, New Jersey is a part of the Union County Submarket submarket area, and contains zip code 7036.
Linden Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Linden, NJ submarket area was $1,470, which is 13.69% higher than 2014 average rent. This represents a compounded annual growth rate of 2.60%. 2019 vacancy in Linden, NJ was 4.50%.
The total population of the city of Linden, NJ has grown 5.03% since 2010. As of 2018, the population was 42,538. The median household income of the Linden was $68,870, which is 14.23% higher than the national average.
- submarket area Union County Submarket
- avg rent $1,470
- rent growth 13.69%
- vacancy 4.50%
- median income $68,870
- population (2018) 42,538
- population growth 5.03%
- vs. nat'l avg 14.23%
- zip code 7036