1031 Exchange Spotswood, New Jersey

 

Surrounding submarket Area

Spotswood, New Jersey is a part of the East Middlesex Submarket submarket area, and contains zip code 8884.

Spotswood Demographics & Economic Trends

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

The total population of the city of Spotswood, NJ has grown 0.61% since 2010. As of 2018, the population was 8,307. The median household income of the Spotswood was $76,055, which is 26.14% higher than the national average.

  • submarket area East Middlesex Submarket
  • avg rent $1,455
  • rent growth 12.88%
  • vacancy 2.80%
  • median income $76,055
  • population (2018) 8,307
  • population growth 0.61%
  • vs. nat'l avg 26.14%
  • zip code 8884

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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