1031 Exchange West Long Branch, New Jersey

 

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

Surrounding submarket Area

West Long Branch, New Jersey is a part of the Shore Submarket submarket area, and contains zip code 7764.

West Long Branch Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the West Long Branch, NJ submarket area was $1,342, which is 12.40% higher than 2014 average rent. This represents a compounded annual growth rate of 2.36%. 2019 vacancy in West Long Branch, NJ was 2.90%.

The total population of the city of West Long Branch, NJ has decreased 2.32% since 2010. As of 2018, the population was 7,909. The median household income of the West Long Branch was $104,566, which is 73.43% higher than the national average.

  • submarket area Shore Submarket
  • avg rent $1,342
  • rent growth 12.40%
  • vacancy 2.90%
  • median income $104,566
  • population (2018) 7,909
  • population growth -2.32%
  • vs. nat'l avg 73.43%
  • zip code 7764

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities