1031 Exchange Lancaster, New York

 

Surrounding submarket Area

Lancaster, New York is a part of the South Submarket submarket area, and contains zip code 14086.

Lancaster Demographics & Economic Trends

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

The total population of the city of Lancaster, NY has grown 4.00% since 2010. As of 2018, the population was 43,270. The median household income of the Lancaster was $69,985, which is 16.07% higher than the national average.

  • submarket area South Submarket
  • avg rent $968
  • rent growth 25.71%
  • vacancy 3.30%
  • median income $69,985
  • population (2018) 43,270
  • population growth 4.00%
  • vs. nat'l avg 16.07%
  • zip code 14086

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