1031 Exchange Cheektowaga, New York

 

Surrounding submarket Area

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

Cheektowaga Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Cheektowaga, NY submarket area was $968, which is 25.71% lower than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Cheektowaga, NY was 3.30%.

The total population of the city of Cheektowaga, NY has decreased 2.32% since 2010. As of 2018, the population was 86,181. The median household income of the Cheektowaga was $53,002, which is 12.09% lower than the national average.

  • submarket area South Submarket
  • avg rent $968
  • rent growth 25.71%
  • vacancy 3.30%
  • median income $53,002
  • population (2018) 86,181
  • population growth -2.32%
  • vs. nat'l avg 12.09%

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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