1031 Exchange Matawan, New Jersey

 

Surrounding submarket Area

Matawan, New Jersey is a part of the West Monmouth Submarket submarket area, and contains zip code 7747.

Matawan Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Matawan, NJ submarket area was $1,389, which is 16.14% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Matawan, NJ was 4.30%.

The total population of the city of Matawan, NJ has decreased 0.84% since 2010. As of 2018, the population was 8,736. The median household income of the Matawan was $94,375, which is 56.53% higher than the national average.

  • submarket area West Monmouth Submarket
  • avg rent $1,389
  • rent growth 16.14%
  • vacancy 4.30%
  • median income $94,375
  • population (2018) 8,736
  • population growth -0.84%
  • vs. nat'l avg 56.53%
  • zip code 7747

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