Rent, population, and median household income are important factors to consider for a 1031 exchange in Manchester Township due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Manchester Township, New Jersey is a part of the Ocean County Submarket submarket area, and contains zip code 8759.
Manchester Township Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Manchester Township, NJ submarket area was $1,190, which is 7.21% lower than 2014 average rent. This represents a compounded annual growth rate of 1.40%. 2019 vacancy in Manchester Township, NJ was 2.50%.
The total population of the city of Manchester Township, NJ has grown 0.80% since 2010. As of 2018, the population was 43,416. The median household income of the Manchester Township was $41,671, which is 30.89% lower than the national average.
- submarket area Ocean County Submarket
- avg rent $1,190
- rent growth 7.21%
- vacancy 2.50%
- median income $41,671
- population (2018) 43,416
- population growth 0.80%
- vs. nat'l avg 30.89%
- zip code 8759