vi

1031 Exchange Trenton, New Jersey

 

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

Surrounding submarket Area

Trenton, New Jersey is a part of the Trenton Submarket submarket area, and contains 26 zip codes, including: 08606, 08625, 08691, 08610, 08604, and 08609.

Trenton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Trenton, NJ submarket area was $1,141, which is 9.29% lower than 2014 average rent. This represents a compounded annual growth rate of 1.79%. 2019 vacancy in Trenton, NJ was 2.40%.

The total population of the city of Trenton, NJ has decreased 1.11% since 2010. As of 2018, the population was 83,974. The median household income of the Trenton was $35,387, which is 41.31% lower than the national average.

  • submarket area Trenton Submarket
  • avg rent $1,141
  • rent growth 9.29%
  • vacancy 2.40%
  • median income $35,387
  • population (2018) 83,974
  • population growth -1.11%
  • vs. nat'l avg 41.31%
  • zip codes 08601 08602 08603 08604 08605 08606 08607 08608 08609 08610 08611 08618 08619 08620 08625 08628 08629 08638 08645 08646 08647 08650 08666 08690 08691 08695

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities