vi

1031 Exchange South River, New Jersey

 

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

Surrounding submarket Area

South River, New Jersey is a part of the East Middlesex Submarket submarket area, and contains zip code 8882.

South River Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the South River, 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 South River, NJ was 2.80%.

The total population of the city of South River, NJ has grown 0.09% since 2010. As of 2018, the population was 16,023. The median household income of the South River was $69,068, which is 14.55% higher than the national average.

  • submarket area East Middlesex Submarket
  • avg rent $1,455
  • rent growth 12.88%
  • vacancy 2.80%
  • median income $69,068
  • population (2018) 16,023
  • population growth 0.09%
  • vs. nat'l avg 14.55%
  • zip code 8882

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities