Rent, population, and median household income are important factors to consider for a 1031 exchange in Eastchester due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Eastchester, New York is a part of the Southern Westchester Submarket submarket area, and contains zip code 10709.
Eastchester Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Eastchester, NY submarket area was $2,155, which is 19.13% higher than 2014 average rent. This represents a compounded annual growth rate of 3.56%. 2019 vacancy in Eastchester, NY was 4.50%.
The total population of the city of Eastchester, NY has grown 2.07% since 2010. As of 2018, the population was 33,033. The median household income of the Eastchester was $120,867, which is 100.47% higher than the national average.
- submarket area Southern Westchester Submarket
- avg rent $2,155
- rent growth 19.13%
- vacancy 4.50%
- median income $120,867
- population (2018) 33,033
- population growth 2.07%
- vs. nat'l avg 100.47%
- zip code 10709