Rent, population, and median household income are important factors to consider for a 1031 exchange in Cambria due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Cambria, New York is a part of the North Submarket submarket area.
Cambria Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Cambria, NY submarket area was $994, which is 11.43% higher than 2014 average rent. This represents a compounded annual growth rate of 2.19%. 2019 vacancy in Cambria, NY was 2.50%.
The total population of the city of Cambria, NY has decreased 1.37% since 2010. As of 2018, the population was 5,759. The median household income of the Cambria was $75,042, which is 24.46% higher than the national average.
- submarket area North Submarket
- avg rent $994
- rent growth 11.43%
- vacancy 2.50%
- median income $75,042
- population (2018) 5,759
- population growth -1.37%
- vs. nat'l avg 24.46%
