Rent, population, and median household income are important factors to consider for a 1031 exchange in West Windsor due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
West Windsor, New Jersey is a part of the Princeton/East Mercer County Submarket submarket area.
West Windsor Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the West Windsor, NJ submarket area was $1,458, which is 15.07% higher than 2014 average rent. This represents a compounded annual growth rate of 2.85%. 2019 vacancy in West Windsor, NJ was 1.90%.
The total population of the city of West Windsor, NJ has grown 3.24% since 2010. As of 2018, the population was 28,045. The median household income of the West Windsor was $173,996, which is 188.58% higher than the national average.
- submarket area Princeton / East Mercer County Submarket
- avg rent $1,458
- rent growth 15.07%
- vacancy 1.90%
- median income $173,996
- population (2018) 28,045
- population growth 3.24%
- vs. nat'l avg 188.58%
