1031 Exchange Greenburgh, New York

 

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

Surrounding submarket Area

Greenburgh, New York is a part of the Central Westchester Submarket submarket area.

Greenburgh Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Greenburgh, NY submarket area was $2,791, which is 12.54% higher than 2014 average rent. This represents a compounded annual growth rate of 2.39%. 2019 vacancy in Greenburgh, NY was 5.50%.

The total population of the city of Greenburgh, NY has grown 3.32% since 2010. As of 2018, the population was 91,338. The median household income of the Greenburgh was $126,240, which is 109.38% higher than the national average.

  • submarket area Central Westchester Submarket
  • avg rent $2,791
  • rent growth 12.54%
  • vacancy 5.50%
  • median income $126,240
  • population (2018) 91,338
  • population growth 3.32%
  • vs. nat'l avg 109.38%

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