Rent, population, and median household income are important factors to consider for a 1031 exchange in Cicero due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Cicero, New York is a part of the North/Airport Submarket submarket area, and contains zip code 13039.
Cicero Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Cicero, NY submarket area was $912, which is 14.72% higher than 2014 average rent. This represents a compounded annual growth rate of 2.78%. 2019 vacancy in Cicero, NY was 4.80%.
The total population of the city of Cicero, NY has decreased 2.90% since 2010. As of 2018, the population was 30,715. The median household income of the Cicero was $75,561, which is 25.32% higher than the national average.
- submarket area North / Airport Submarket
- avg rent $912
- rent growth 14.72%
- vacancy 4.80%
- median income $75,561
- population (2018) 30,715
- population growth -2.90%
- vs. nat'l avg 25.32%
- zip code 13039