Rent, population, and median household income are important factors to consider for a 1031 exchange in Manasquan due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Manasquan, New Jersey is a part of the Shore Submarket submarket area, and contains zip code 8736.
Manasquan Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Manasquan, NJ submarket area was $1,342, which is 12.40% higher than 2014 average rent. This represents a compounded annual growth rate of 2.36%. 2019 vacancy in Manasquan, NJ was 2.90%.
The total population of the city of Manasquan, NJ has decreased 0.86% since 2010. As of 2018, the population was 5,846. The median household income of the Manasquan was $112,375, which is 86.38% higher than the national average.
- submarket area Shore Submarket
- avg rent $1,342
- rent growth 12.40%
- vacancy 2.90%
- median income $112,375
- population (2018) 5,846
- population growth -0.86%
- vs. nat'l avg 86.38%
- zip code 8736