Rent, population, and median household income are important factors to consider for a 1031 exchange in Bayblon due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Bayblon, New York is a part of the West Suffolk Submarket submarket area, and contains zip code 11702.
Bayblon Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bayblon, NY submarket area was $1,891, which is 16.94% higher than 2014 average rent. This represents a compounded annual growth rate of 3.18%. 2019 vacancy in Bayblon, NY was 2.10%.
The total population of the city of Bayblon, NY has decreased 1.52% since 2010. As of 2018, the population was 210,363. The median household income of the Bayblon was $89,736, which is 48.83% higher than the national average.
- submarket area West Suffolk Submarket
- avg rent $1,891
- rent growth 16.94%
- vacancy 2.10%
- median income $89,736
- population (2018) 210,363
- population growth -1.52%
- vs. nat'l avg 48.83%
- zip code 11702