1031 Exchange Hamburg, New York


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

Surrounding submarket Area

Hamburg, New York is a part of the South Submarket submarket area, and contains zip code 14075.

Hamburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hamburg, 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 Hamburg, NY was 3.30%.

The total population of the city of Hamburg, NY has grown 2.97% since 2010. As of 2018, the population was 58,626. The median household income of the Hamburg was $66,648, which is 10.54% higher than the national average.

  • submarket area South Submarket
  • avg rent $968
  • rent growth 25.71%
  • vacancy 3.30%
  • median income $66,648
  • population (2018) 58,626
  • population growth 2.97%
  • vs. nat'l avg 10.54%
  • zip code 14075

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