1031 Exchange Greece, New York

 

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

Surrounding submarket Area

Greece, New York is a part of the Greece Submarket submarket area.

Greece Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Greece, NY submarket area was $870, which is 11.54% higher than 2014 average rent. This represents a compounded annual growth rate of 2.21%. 2019 vacancy in Greece, NY was 1.60%.

The total population of the city of Greece, NY has decreased 0.30% since 2010. As of 2018, the population was 95,809. The median household income of the Greece was $60,340, which is 0.08% higher than the national average.

  • submarket area Greece Submarket
  • avg rent $870
  • rent growth 11.54%
  • vacancy 1.60%
  • median income $60,340
  • population (2018) 95,809
  • population growth -0.30%
  • vs. nat'l avg 0.08%

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