1031 Exchange Brighton, New York

 

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

Surrounding submarket Area

Brighton, New York is a part of the Brighton Submarket submarket area.

Brighton Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Brighton, NY submarket area was $1,144, which is 24.75% higher than 2014 average rent. This represents a compounded annual growth rate of 4.52%. 2019 vacancy in Brighton, NY was 3.10%.

The total population of the city of Brighton, NY has decreased 1.40% since 2010. As of 2018, the population was 36,098. The median household income of the Brighton was $75,812, which is 25.74% higher than the national average.

  • submarket area Brighton Submarket
  • avg rent $1,144
  • rent growth 24.75%
  • vacancy 3.10%
  • median income $75,812
  • population (2018) 36,098
  • population growth -1.40%
  • vs. nat'l avg 25.74%

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