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1031 Exchange Sayreville, New Jersey

 

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

Surrounding submarket Area

Sayreville, New Jersey is a part of the East Middlesex Submarket submarket area, and contains zip codes 08871 and 08872.

Sayreville Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Sayreville, NJ submarket area was $1,455, which is 12.88% higher than 2014 average rent. This represents a compounded annual growth rate of 2.45%. 2019 vacancy in Sayreville, NJ was 2.80%.

The total population of the city of Sayreville, NJ has grown 4.34% since 2010. As of 2018, the population was 44,556. The median household income of the Sayreville was $78,155, which is 29.63% higher than the national average.

  • submarket area East Middlesex Submarket
  • avg rent $1,455
  • rent growth 12.88%
  • vacancy 2.80%
  • median income $78,155
  • population (2018) 44,556
  • population growth 4.34%
  • vs. nat'l avg 29.63%
  • zip codes 08871 08872

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