1031 Exchange East Hampton, New York

 

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

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