Rent, population, and median household income are important factors to consider for a 1031 exchange in Lindenhurst due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Lindenhurst, New York is a part of the West Suffolk Submarket submarket area, and contains zip code 11757.
Lindenhurst Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lindenhurst, NY submarket area was $1,891, which is 16.94% higher than 2014 average rent. This represents a compounded annual growth rate of 3.18%. 2019 vacancy in Lindenhurst, NY was 2.10%.
The total population of the city of Lindenhurst, NY has decreased 2.26% since 2010. As of 2018, the population was 26,902. The median household income of the Lindenhurst was $92,178, which is 52.88% higher than the national average.
- submarket area West Suffolk Submarket
- avg rent $1,891
- rent growth 16.94%
- vacancy 2.10%
- median income $92,178
- population (2018) 26,902
- population growth -2.26%
- vs. nat'l avg 52.88%
- zip code 11757