Rent, population, and median household income are important factors to consider for a 1031 exchange in Aurora due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Aurora, New York is a part of the South Submarket submarket area, and contains zip code 13026.
Aurora Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Aurora, NY submarket area was $968, which is 25.71% higher than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Aurora, NY was 3.30%.
The total population of the city of Aurora, NY has grown 0.04% since 2010. As of 2018, the population was 13,787. The median household income of the Aurora was $78,728, which is 30.58% higher than the national average.
- submarket area South Submarket
- avg rent $968
- rent growth 25.71%
- vacancy 3.30%
- median income $78,728
- population (2018) 13,787
- population growth 0.04%
- vs. nat'l avg 30.58%
- zip code 13026
