Rent, population, and median household income are important factors to consider for a 1031 exchange in Livingston due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Livingston, New Jersey is a part of the West Essex County Submarket submarket area, and contains zip code 7039.
Livingston Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Livingston, NJ submarket area was $2,025, which is 24.77% higher than 2014 average rent. This represents a compounded annual growth rate of 4.53%. 2019 vacancy in Livingston, NJ was 4.20%.
The total population of the city of Livingston, NJ has grown 2.34% since 2010. As of 2018, the population was 30,054. The median household income of the Livingston was $163,403, which is 171.01% higher than the national average.
- submarket area West Essex County Submarket
- avg rent $2,025
- rent growth 24.77%
- vacancy 4.20%
- median income $163,403
- population (2018) 30,054
- population growth 2.34%
- vs. nat'l avg 171.01%
- zip code 7039