1031 Exchange Glen Cove, New York


Rent, population, and median household income are important factors to consider for a 1031 exchange in Glen Cove due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Glen Cove, New York is a part of the Nassau County Submarket submarket area, and contains zip code 11542.

Glen Cove Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Glen Cove, NY submarket area was $2,406, which is 23.96% higher than 2014 average rent. This represents a compounded annual growth rate of 4.39%. 2019 vacancy in Glen Cove, NY was 4.40%.

The total population of the city of Glen Cove, NY has grown 0.88% since 2010. As of 2018, the population was 27,201. The median household income of the Glen Cove was $78,066, which is 29.48% higher than the national average.

  • submarket area Nassau County Submarket
  • avg rent $2,406
  • rent growth 23.96%
  • vacancy 4.40%
  • median income $78,066
  • population (2018) 27,201
  • population growth 0.88%
  • vs. nat'l avg 29.48%
  • zip code 11542

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