1031 Exchange West Windsor, New Jersey

 

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%

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