Rent, population, and median household income are important factors to consider for a 1031 exchange in Kenilworth due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Kenilworth, New York is a part of the North Central Submarket submarket area.
Kenilworth Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kenilworth, NY submarket area was $836, which is 11.47% higher than 2014 average rent. This represents a compounded annual growth rate of 2.19%. 2019 vacancy in Kenilworth, NY was 2.10%.
The total population of the city of Kenilworth, NY has grown 3.87% since 2010. As of 2018, the population was 8,220. The median household income of the Kenilworth was $98,624, which is 63.57% higher than the national average.
- submarket area North Central Submarket
- avg rent $836
- rent growth 11.47%
- vacancy 2.10%
- median income $98,624
- population (2018) 8,220
- population growth 3.87%
- vs. nat'l avg 63.57%