Rent, population, and median household income are important factors to consider for a 1031 exchange in Le Roy due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Le Roy, New York is a part of the West Monroe/West Counties Submarket submarket area, and contains zip code 14482.
Le Roy Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Le Roy, NY submarket area was $903, which is 15.03% higher than 2014 average rent. This represents a compounded annual growth rate of 2.84%. 2019 vacancy in Le Roy, NY was 3.50%.
The total population of the city of Le Roy, NY has decreased 4.49% since 2010. As of 2018, the population was 7,298. The median household income of the Le Roy was $64,821, which is 7.51% higher than the national average.
- submarket area West Monroe / West Counties Submarket
- avg rent $903
- rent growth 15.03%
- vacancy 3.50%
- median income $64,821
- population (2018) 7,298
- population growth -4.49%
- vs. nat'l avg 7.51%
- zip code 14482