Rent, population, and median household income are important factors to consider for a 1031 exchange in North Kingstown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
North Kingstown, Rhode Island is a part of the Southern Rhode Island Submarket submarket area, and contains zip code 2852.
North Kingstown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the North Kingstown, RI submarket area was $1,273, which is 11.28% higher than 2014 average rent. This represents a compounded annual growth rate of 2.16%. 2019 vacancy in North Kingstown, RI was 2.80%.
The total population of the city of North Kingstown, RI has decreased 0.63% since 2010. As of 2018, the population was 26,320. The median household income of the North Kingstown was $89,874, which is 49.06% higher than the national average.
- submarket area Southern Rhode Island Submarket
- avg rent $1,273
- rent growth 11.28%
- vacancy 2.80%
- median income $89,874
- population (2018) 26,320
- population growth -0.63%
- vs. nat'l avg 49.06%
- zip code 2852
