Rent, population, and median household income are important factors to consider for a 1031 exchange in Batavia due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Batavia, New York is a part of the West Monroe/West Counties Submarket submarket area, and contains zip codes 14020 and 14021.
Batavia Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Batavia, NY submarket area was $903, which is 15.03% higher than 2014 average rent. This represents a compounded annual growth rate of 2.84%. 2019 vacancy in Batavia, NY was 3.50%.
The total population of the city of Batavia, NY has grown 1.31% since 2010. As of 2018, the population was 6,898. The median household income of the Batavia was $67,064, which is 11.23% higher than the national average.
- submarket area West Monroe / West Counties Submarket
- avg rent $903
- rent growth 15.03%
- vacancy 3.50%
- median income $67,064
- population (2018) 6,898
- population growth 1.31%
- vs. nat'l avg 11.23%
- zip codes 14020 14021