Rent, population, and median household income are important factors to consider for a 1031 exchange in Kenmore due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Kenmore, New York is a part of the North Central Submarket submarket area.
Kenmore Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kenmore, 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 Kenmore, NY was 2.10%.
The total population of the city of Kenmore, NY has decreased 2.25% since 2010. As of 2018, the population was 15,076. The median household income of the Kenmore was $65,197, which is 8.13% higher than the national average.
- submarket area North Central Submarket
- avg rent $836
- rent growth 11.47%
- vacancy 2.10%
- median income $65,197
- population (2018) 15,076
- population growth -2.25%
- vs. nat'l avg 8.13%