Rent, population, and median household income are important factors to consider for a 1031 exchange in Livonia due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Livonia, New York is a part of the West Monroe/West Counties Submarket submarket area, and contains zip code 14487.
Livonia Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Livonia, 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 Livonia, NY was 3.50%.
The total population of the city of Livonia, NY has decreased 3.51% since 2010. As of 2018, the population was 7,535. The median household income of the Livonia was $64,478, which is 6.94% higher than the national average.
- submarket area West Monroe / West Counties Submarket
- avg rent $903
- rent growth 15.03%
- vacancy 3.50%
- median income $64,478
- population (2018) 7,535
- population growth -3.51%
- vs. nat'l avg 6.94%
- zip code 14487