1031 Exchange Bedford, New York

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bedford due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Bedford, New York is a part of the Northern Westchester Submarket submarket area, and contains zip code 10506.

Bedford Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bedford, NY submarket area was $1,858, which is 31.96% higher than 2014 average rent. This represents a compounded annual growth rate of 5.70%. 2019 vacancy in Bedford, NY was 2.90%.

The total population of the city of Bedford, NY has grown 2.42% since 2010. As of 2018, the population was 17,755. The median household income of the Bedford was $126,563, which is 109.91% higher than the national average.

  • submarket area Northern Westchester Submarket
  • avg rent $1,858
  • rent growth 31.96%
  • vacancy 2.90%
  • median income $126,563
  • population (2018) 17,755
  • population growth 2.42%
  • vs. nat'l avg 109.91%
  • zip code 10506

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