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