Rent, population, and median household income are important factors to consider for a 1031 exchange in East Aurora due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
East Aurora, New York is a part of the South Submarket submarket area, and contains zip code 14052.
East Aurora Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the East Aurora, NY submarket area was $968, which is 25.71% higher than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in East Aurora, NY was 3.30%.
The total population of the city of East Aurora, NY has decreased 0.63% since 2010. As of 2018, the population was 6,197. The median household income of the East Aurora was $69,509, which is 15.29% higher than the national average.
- submarket area South Submarket
- avg rent $968
- rent growth 25.71%
- vacancy 3.30%
- median income $69,509
- population (2018) 6,197
- population growth -0.63%
- vs. nat'l avg 15.29%
- zip code 14052