1031 Exchange Johnston, Rhode Island

 

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

Surrounding submarket Area

Johnston, Rhode Island is a part of the Providence Submarket submarket area, and contains zip code 2919.

Johnston Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Johnston, RI submarket area was $1,667, which is 11.06% higher than 2014 average rent. This represents a compounded annual growth rate of 2.12%. 2019 vacancy in Johnston, RI was 4.20%.

The total population of the city of Johnston, RI has grown 1.92% since 2010. As of 2018, the population was 29,322. The median household income of the Johnston was $63,973, which is 6.10% higher than the national average.

  • submarket area Providence Submarket
  • avg rent $1,667
  • rent growth 11.06%
  • vacancy 4.20%
  • median income $63,973
  • population (2018) 29,322
  • population growth 1.92%
  • vs. nat'l avg 6.10%
  • zip code 2919

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