1031 Exchange Vineland, New Jersey

 

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

Surrounding metropolitan Area

Vineland, New Jersey is a part of the Vineland-Bridgeton, NJ metropolitan area, and contains 3 zip codes: 08360, 08361, and 08362.

Vineland Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Vineland, NJ metropolitan area was $924, which is 5.96% lower than 2014 average rent. This represents a compounded annual growth rate of 1.17%. 2019 vacancy in Vineland, NJ was 1.80%.

The total population of the city of Vineland, NJ has decreased 1.25% since 2010. As of 2018, the population was 59,966. The median household income of the Vineland was $55,054, which is 8.69% lower than the national average.

  • metropolitan area Vineland-Bridgeton, NJ
  • avg rent $924
  • rent growth 5.96%
  • vacancy 1.80%
  • median income $55,054
  • population (2018) 59,966
  • population growth -1.25%
  • vs. nat'l avg 8.69%
  • zip codes 08360 08361 08362

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