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%
