1031 Exchange Wharton, New Jersey

 

Surrounding submarket Area

Wharton, New Jersey is a part of the Morris County Submarket submarket area, and contains zip code 7885.

Wharton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Wharton, NJ submarket area was $1,575, which is 16.32% higher than 2014 average rent. This represents a compounded annual growth rate of 3.07%. 2019 vacancy in Wharton, NJ was 4.80%.

The total population of the city of Wharton, NJ has decreased 1.00% since 2010. As of 2018, the population was 6,457. The median household income of the Wharton was $69,271, which is 14.89% higher than the national average.

  • submarket area Morris County Submarket
  • avg rent $1,575
  • rent growth 16.32%
  • vacancy 4.80%
  • median income $69,271
  • population (2018) 6,457
  • population growth -1.00%
  • vs. nat'l avg 14.89%
  • zip code 7885

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