Rent, population, and median household income are important factors to consider for a 1031 exchange in East Hampton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
East Hampton, New York is a part of the Brookhaven/East Suffolk Submarket submarket area, and contains zip code 11937.
East Hampton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the East Hampton, NY submarket area was $1,797, which is 14.97% higher than 2014 average rent. This represents a compounded annual growth rate of 2.83%. 2019 vacancy in East Hampton, NY was 2.30%.
The total population of the city of East Hampton, NY has grown 2.56% since 2010. As of 2018, the population was 22,007. The median household income of the East Hampton was $97,351, which is 61.46% higher than the national average.
- submarket area Brookhaven / East Suffolk Submarket
- avg rent $1,797
- rent growth 14.97%
- vacancy 2.30%
- median income $97,351
- population (2018) 22,007
- population growth 2.56%
- vs. nat'l avg 61.46%
- zip code 11937