Rent, population, and median household income are important factors to consider for a 1031 exchange in Irondequoit due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Irondequoit, New York is a part of the Irondequoit/Webster Submarket submarket area.
Irondequoit Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Irondequoit, NY submarket area was $984, which is 18.70% lower than 2014 average rent. This represents a compounded annual growth rate of 3.49%. 2019 vacancy in Irondequoit, NY was 5.00%.
The total population of the city of Irondequoit, NY has decreased 3.41% since 2010. As of 2018, the population was 49,927. The median household income of the Irondequoit was $59,640, which is 1.08% lower than the national average.
- submarket area Irondequoit / Webster Submarket
- avg rent $984
- rent growth 18.70%
- vacancy 5.00%
- median income $59,640
- population (2018) 49,927
- population growth -3.41%
- vs. nat'l avg 1.08%