1031 Exchange Cicero, New York

 

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

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