1031 Exchange Piscataway, New Jersey

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Piscataway due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Piscataway, New Jersey is a part of the Northwest Middlesex Submarket submarket area, and contains zip codes 08854 and 08855.

Piscataway Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Piscataway, NJ submarket area was $1,500, which is 13.46% higher than 2014 average rent. This represents a compounded annual growth rate of 2.56%. 2019 vacancy in Piscataway, NJ was 1.70%.

The total population of the city of Piscataway, NJ has grown 1.57% since 2010. As of 2018, the population was 56,923. The median household income of the Piscataway was $93,534, which is 55.13% higher than the national average.

  • submarket area Northwest Middlesex Submarket
  • avg rent $1,500
  • rent growth 13.46%
  • vacancy 1.70%
  • median income $93,534
  • population (2018) 56,923
  • population growth 1.57%
  • vs. nat'l avg 55.13%
  • zip codes 08854 08855

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