Rent, population, and median household income are important factors to consider for a 1031 exchange in Evans due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Evans, New York is a part of the South Submarket submarket area.
Evans Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Evans, 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 Evans, NY was 3.30%.
The total population of the city of Evans, NY has decreased 1.29% since 2010. As of 2018, the population was 16,145. The median household income of the Evans was $61,056, which is 1.27% higher than the national average.
- submarket area South Submarket
- avg rent $968
- rent growth 25.71%
- vacancy 3.30%
- median income $61,056
- population (2018) 16,145
- population growth -1.29%
- vs. nat'l avg 1.27%
