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