1031 Exchange Ithaca, New York

 

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

Surrounding metropolitan Area

Ithaca, New York is a part of the Ithaca, NY metropolitan area, and contains 4 zip codes: 14852, 14850, 14851, and 14853.

Ithaca Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Ithaca, NY metropolitan area was $1,603, which is 31.39% lower than 2014 average rent. This represents a compounded annual growth rate of 5.61%. 2019 vacancy in Ithaca, NY was 8.50%.

The total population of the city of Ithaca, NY has grown 3.28% since 2010. As of 2018, the population was 30,999. The median household income of the Ithaca was $32,712, which is 45.74% lower than the national average.

  • metropolitan area Ithaca, NY
  • avg rent $1,603
  • rent growth 31.39%
  • vacancy 8.50%
  • median income $32,712
  • population (2018) 30,999
  • population growth 3.28%
  • vs. nat'l avg 45.74%
  • zip codes 14850 14851 14852 14853

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities