1031 Exchange Evans, New York


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%

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