Rent, population, and median household income are important factors to consider for a 1031 exchange in Little Egg Harbor due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Little Egg Harbor, New Jersey is a part of the Ocean County Submarket submarket area.
Little Egg Harbor Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Little Egg Harbor, NJ submarket area was $1,190, which is 7.21% higher than 2014 average rent. This represents a compounded annual growth rate of 1.40%. 2019 vacancy in Little Egg Harbor, NJ was 2.50%.
The total population of the city of Little Egg Harbor, NJ has grown 6.58% since 2010. As of 2018, the population was 21,386. The median household income of the Little Egg Harbor was $64,995, which is 7.80% higher than the national average.
- submarket area Ocean County Submarket
- avg rent $1,190
- rent growth 7.21%
- vacancy 2.50%
- median income $64,995
- population (2018) 21,386
- population growth 6.58%
- vs. nat'l avg 7.80%
