1031 Exchange North Kingstown, Rhode Island

 

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

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand